Why is Super Sales Ind. falling/rising?
As of 10-Oct, Super Sales India Ltd's stock price is Rs 740.00, down 3.08%, and it has significantly underperformed with a year-to-date decline of 46.76%. The stock is trading near its 52-week low and below all major moving averages, indicating a bearish trend and lack of investor confidence.
As of 10-Oct, Super Sales India Ltd is experiencing a decline in its stock price, currently at Rs 740.00, which reflects a decrease of Rs 23.55 or 3.08%. The stock has underperformed significantly, with a 1-week return of -0.95% and a 1-month return of -7.04%. Additionally, it is trading close to its 52-week low, just 0.66% away from Rs 735.1. The stock is also trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Furthermore, there has been a notable drop in investor participation, with delivery volume falling by 83.94% against the 5-day average, which suggests a lack of confidence among investors.In the broader market context, Super Sales India Ltd's performance contrasts sharply with the benchmark Sensex, which has gained 1.59% over the past week and 1.32% over the past month. The stock's year-to-date decline of 46.76% further highlights its struggles compared to the Sensex's positive return of 5.58% in the same period. This significant underperformance against the benchmark indicates that market sentiment is unfavorable towards Super Sales India Ltd, contributing to its recent price drop.
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