Why is Surat Trade falling/rising?
As of 24-Sep, Surat Trade & Merchantile Ltd's stock price is at 6.34, unchanged, with a short-term outperformance against its sector despite a significant year-to-date decline of 21.14%. The stock shows relative strength in the short term but has a concerning long-term performance compared to the benchmark Sensex.
As of 24-Sep, Surat Trade & Merchantile Ltd's stock price is currently at 6.34, showing no change (0.00%). The stock has outperformed its sector today by 0.43%, and there has been a notable increase in investor participation, with delivery volume rising by 133.43% compared to the 5-day average. Over the past week, the stock has gained 3.09%, while it has seen a decline of 2.01% over the past month. Year-to-date, the stock is down 21.14%, and over the past year, it has decreased by 31.01%. The stock is currently trading higher than its 5-day and 20-day moving averages but lower than its 50-day, 100-day, and 200-day moving averages. There is no information available regarding positive or negative factors that could influence the stock's recent movement.Broader market context shows that while Surat Trade & Merchantile Ltd has outperformed the sector in the short term, the benchmark Sensex has declined by 1.18% over the past week, indicating a relative strength in the stock compared to the broader market. However, the stock's longer-term performance is concerning, with significant declines over the past year and three years, contrasting sharply with the Sensex's positive returns during those periods. This suggests that while there may be short-term gains, the overall trend for Surat Trade remains negative compared to the benchmark.
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