Why is Suratwwala Busi. falling/rising?
As of 07-Nov, Suratwwala Business Group Ltd's stock price is Rs 32.00, down 3.99%. The stock has significantly underperformed, with a year-to-date decline of 75.39%, contrasting sharply with the positive performance of the broader market.
As of 07-Nov, Suratwwala Business Group Ltd's stock price is currently at Rs 32.00, reflecting a decline of Rs 1.33 or 3.99%. The stock has been underperforming, having lost 4.56% over the last two days and is trading below all key moving averages, indicating a bearish trend. Over the past week, the stock has decreased by 5.60%, and year-to-date, it has plummeted by 75.39%. Despite a rise in delivery volume by 38.44% against the 5-day average, which suggests increased investor participation, the overall sentiment remains negative, contributing to the stock's recent decline.Broader market context shows that while the Sensex has increased by 1.57% over the past month, Suratwwala's stock has decreased by 6.35% in the same period, highlighting its significant underperformance relative to the benchmark. The stock's year-to-date performance is particularly concerning, with a stark contrast to the Sensex's positive return of 6.50%. This disparity in performance indicates that investor sentiment towards Suratwwala Business Group Ltd is weak, further exacerbated by its recent price movements and the broader market's relative stability.
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