Why is Supreme Infra. falling/rising?
As of 24-Oct, Supreme Infrastructure India Ltd's stock price is Rs 100.90, down 3.9%, underperforming its sector and trading below all major moving averages. Despite strong long-term gains, recent trends indicate negative investor sentiment and a significant year-to-date decline of 26.56%.
As of 24-Oct, Supreme Infrastructure India Ltd is experiencing a decline in its stock price, currently at Rs 100.90, which represents a decrease of Rs 4.1 or 3.9%. The stock has underperformed its sector by 3.89% today, reaching an intraday low of Rs 100, which is a drop of 4.76%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The delivery volume has also decreased by 19.8% compared to the 5-day average, suggesting a reduction in investor participation. Over the past week, the stock has declined by 4.04%, and it has seen a significant year-to-date drop of 26.56%, while the stock's performance over the last year shows a decline of 18.79%.In the broader market context, the Sensex has shown a positive return of 0.31% over the past week and a 7.77% increase year-to-date, contrasting sharply with Supreme Infrastructure's negative performance. This divergence indicates that while the overall market is experiencing gains, Supreme Infrastructure is struggling significantly. The stock's long-term performance remains strong with a 275.09% increase over the past three years and an impressive 1341.43% rise over five years, but the recent trends suggest that current investor sentiment is negative, leading to the stock's decline amidst a generally positive market environment.
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