Why is Suryaamba Spinni falling/rising?
As of 12-Nov, Suryaamba Spinning Mills Ltd's stock price is Rs 136.90, up 5.31% today, with strong short-term performance but a year-to-date decline of 13.33%. The stock has shown high volatility and increased investor participation, outperforming the Sensex in the short term.
As of 12-Nov, Suryaamba Spinning Mills Ltd's stock price is currently at Rs 136.90, reflecting an increase of Rs 6.9, or 5.31%. The stock has shown a strong performance today, outperforming its sector by 3.75% and has been on a consecutive gain for the last two days, accumulating a total return of 6.12% during this period. Notably, the stock opened with a significant gain of 14.58% today and reached an intraday high of Rs 148.95. Additionally, the stock has been experiencing high volatility with an intraday volatility of 6.79%. The delivery volume has also increased by 59.71% compared to the 5-day average, indicating rising investor participation. However, there is no information available regarding positive or negative factors that could further explain the stock's recent movement.In the broader market context, Suryaamba Spinning Mills Ltd's short-term performance over the past week shows a return of +1.41%, which is slightly better than the benchmark Sensex's return of +1.21%. Over the past month, the stock has increased by 5.31%, outperforming the Sensex's 2.38% gain. Despite this positive short-term performance, the year-to-date return for the stock is down by 13.33%, contrasting with the Sensex's increase of 8.10%. This indicates that while the stock is currently experiencing a rise, it has faced significant challenges over a longer time frame compared to the broader market.
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