Why is Surana Solar falling/rising?
As of 08-Sep, Surana Solar Ltd's stock price is Rs 36.72, up 10.9% recently, with a total return of 20.39% over the last four days. Despite strong short-term gains, the stock is down 20.61% year-to-date, indicating volatility and a need for recovery compared to the broader market.
As of 08-Sep, Surana Solar Ltd's stock price is currently at Rs 36.72, reflecting an increase of Rs 3.61, or 10.9%. The stock has been on an upward trend, gaining for the last four days and achieving a total return of 20.39% during this period. Today, it opened with a gain of 4.17% and reached an intraday high of Rs 38.9, marking a rise of 17.49%. Additionally, the stock has outperformed its sector by 11.37%. In terms of returns, over the past week, the stock has increased by 19.03%, while it has also shown a significant rise of 18.87% over the past month. However, it is important to note that the stock is down 20.61% year-to-date and 15.78% over the past year. There is no information available regarding positive or negative factors that could influence the stock's recent movement.Broader market context indicates that while Surana Solar has performed well in the short term, significantly outpacing the Sensex, which has only increased by 0.53% over the past week and 1.16% over the past month, the stock's year-to-date performance remains weak compared to the benchmark's 3.39% gain. This contrast highlights the stock's volatility and potential recovery phase, as evidenced by rising investor participation and liquidity, with a notable increase in delivery volume. Overall, while the stock is experiencing a positive short-term trend, its longer-term performance still lags behind the broader market.
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