Why is Super Tannery falling/rising?

Jun 23 2025 10:10 PM IST
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As of 23-Jun, Super Tannery Ltd's stock price is at 9.09, up 1.91% today, but it has declined 22.97% year-to-date. The stock has underperformed in the long term compared to the Sensex, indicating challenges in maintaining investor confidence.
As of 23-Jun, Super Tannery Ltd's stock price is currently at 9.09, reflecting an increase of 0.17 or 1.91%. The stock has outperformed its sector today by 3.05%, although it is trading higher than its 5-day moving averages but lower than its 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has shown a modest gain of 0.78%, but it has experienced a decline of 5.41% over the past month and a significant drop of 22.97% year-to-date. The delivery volume has decreased substantially, falling by 58.73% against the 5-day average, indicating a reduction in investor participation, which could be a negative factor affecting the stock's recent movement. Unfortunately, there is no specific information available regarding positive or negative factors that could further explain the stock's performance.

In the broader market context, Super Tannery's short-term return of 0.78% over the past week is significantly better than the benchmark Sensex, which has only increased by 0.12% during the same period. However, the stock's longer-term performance shows a stark contrast, with a year-to-date decline of 22.97% compared to the Sensex's gain of 4.81%. This disparity highlights the challenges faced by Super Tannery in maintaining investor confidence and market performance, especially in light of the recent downturn in the leather sector, which has fallen by 2.13%.
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