Why is Surat Trade falling/rising?
As of 17-Sep, Surat Trade & Merchantile Ltd's stock price is declining at 6.15, down 0.81%, and has underperformed its sector. The stock has dropped 23.51% year-to-date, contrasting with the broader market's positive performance.
As of 17-Sep, Surat Trade & Merchantile Ltd is experiencing a decline in its stock price, currently at 6.15, which reflects a decrease of 0.05 or 0.81%. The stock has underperformed its sector by 1.82% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 47.96% compared to the 5-day average. Over the past week, the stock has decreased by 0.81%, and it has seen a substantial decline of 23.51% year-to-date, indicating ongoing challenges for the company.In the broader market context, the Sensex has shown a positive return of 1.56% over the past week, contrasting sharply with Surat Trade's negative performance. This divergence suggests that while the overall market is experiencing gains, Surat Trade is struggling significantly, as evidenced by its year-to-date decline of 23.51% compared to the Sensex's increase of 5.83%. The lack of available positive factors further emphasizes the challenges faced by Surat Trade, contributing to its recent stock price decline.
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