Why is Surana Telecom falling/rising?
As of 07-Oct, Surana Telecom and Power Ltd's stock price is 21.11, down 2.63% and underperforming with a total decline of 4.31% over the last three days. The stock has struggled significantly compared to the Sensex, which has gained 2.07% over the past week, highlighting a lack of investor confidence.
As of 07-Oct, Surana Telecom and Power Ltd's stock price is currently at 21.11, reflecting a decline of 0.57, or 2.63%. The stock has been underperforming, having fallen for the last three days, resulting in a total decrease of 4.31% during this period. Additionally, the stock has shown a significant decline over the past week and month, with returns of -4.18% and -13.45%, respectively. Although the stock is trading above its 50-day, 100-day, and 200-day moving averages, it is below its 5-day and 20-day moving averages. Furthermore, there has been a notable drop in investor participation, with delivery volume decreasing by 43.05% compared to the 5-day average, indicating reduced interest in trading the stock.In the broader market context, the Sensex has performed positively, gaining 2.07% over the past week and 1.51% over the past month, contrasting sharply with Surana Telecom's negative returns. This underperformance against the benchmark highlights the stock's struggles relative to the overall market. Year-to-date, Surana Telecom has declined by 9.79%, while the Sensex has increased by 4.85%, further emphasizing the stock's challenges in attracting investor confidence amid a generally favorable market environment.
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