Why is Suraj Products falling/rising?
As of 12-Nov, Suraj Products Ltd. is experiencing a stock price decline to Rs 315.00, down 1.35%, with a total drop of 29.17% over the last 11 days. The stock has underperformed significantly compared to the Sensex, with a year-to-date decline of 34.31%.
As of 12-Nov, Suraj Products Ltd. is experiencing a decline in its stock price, currently at Rs 315.00, which reflects a decrease of Rs 4.3 or 1.35%. The stock has been on a downward trend, having fallen for the last 11 consecutive days, resulting in a total decline of 29.17% during this period. Today's trading saw the stock reach an intraday high of Rs 332.25 but also dip to a low of Rs 303.35. 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 1.06% compared to the 5-day average, suggesting a drop in investor participation. There are no available positive or negative factors to further explain the stock's recent movement.In the broader market context, Suraj Products has significantly underperformed compared to the benchmark Sensex. Over the past week, the stock has declined by 12.49%, while the Sensex has gained 1.21%. This trend continues over the past month, with the stock down 15.49% against a 2.38% increase in the Sensex. Year-to-date, Suraj Products has seen a staggering decline of 34.31%, while the Sensex has risen by 8.10%. The stark contrast in performance highlights the challenges faced by Suraj Products in the current market environment.
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