Why is Super Iron falling/rising?
As of 18-Sep, Super Iron Foundry Ltd's stock price is declining at 48.40, down 1.51%, and has underperformed its sector significantly. Despite being above longer-term moving averages, the stock has seen a 14.47% drop in the last month, contrasting with the broader market's positive performance.
As of 18-Sep, Super Iron Foundry Ltd is experiencing a decline in its stock price, currently at 48.40, which reflects a decrease of 0.74 or 1.51%. The stock has underperformed its sector by 2.15% today and has been on a downward trend, losing 4.72% over the last two days. Over the past week, the stock has decreased by 5.98%, and in the last month, it has fallen by 14.47%. Additionally, there has been a notable drop in investor participation, with delivery volume on 17 September falling by 41.86% compared to the five-day average. The stock's moving averages indicate that it is currently higher than the 50-day, 100-day, and 200-day moving averages but lower than the 5-day and 20-day moving averages, suggesting a mixed technical outlook.In the broader market context, the Sensex has shown a positive return of 1.80% over the past week and 2.14% over the last month, contrasting sharply with Super Iron's negative performance. This indicates that while the overall market is trending upward, Super Iron is lagging significantly behind. The stock's year-to-date performance is not available, but the stark difference in returns compared to the benchmark suggests that external market conditions are favoring other sectors or companies, further contributing to Super Iron's recent struggles.
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