Why is Supertex Inds. falling/rising?
As of 07-Oct, Supertex Industries Ltd's stock price is declining at 6.80, down 7.36% over four consecutive days, with a total drop of 8.85% in the past week. The stock is underperforming significantly compared to the Sensex, with a year-to-date return of -37.96%.
As of 07-Oct, Supertex Industries Ltd is experiencing a decline in its stock price, currently at 6.80, which represents a decrease of 0.54 or 7.36%. The stock has underperformed significantly, with a consecutive fall over the last four days, resulting in an 8.85% drop in the past week. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Although there has been a notable increase in investor participation, with delivery volume rising by 173.15% against the 5-day average, the overall performance remains weak, as indicated by the stock's year-to-date return of -37.96% compared to the Sensex's gain of 4.85%.In the broader market context, Supertex's recent performance starkly contrasts with the benchmark Sensex, which has shown a positive return of 2.07% over the past week. This underperformance highlights the challenges faced by Supertex, as it has not only lagged behind the benchmark but also recorded negative returns over multiple periods, including a 10.05% decline over the past month. The lack of available positive factors further emphasizes the difficulties the company is encountering, contributing to the downward pressure on its stock price.
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