Why is Suryalak. Cott. falling/rising?
As of 16-Sep, Suryalakshmi Cotton Mills Ltd is seeing a price increase to Rs 67.00, up 1.52%, but faces declining investor participation with a 58.42% drop in delivery volume. Despite recent short-term gains, the stock's long-term performance is weak, significantly lagging behind the benchmark Sensex.
As of 16-Sep, Suryalakshmi Cotton Mills Ltd is experiencing a price increase, with its current price at Rs 67.00, reflecting a rise of 1.0 (1.52%). The stock has shown a positive performance today, reaching an intraday high of Rs 68, which is a 3.03% increase. However, despite this upward movement, the stock is facing challenges as it has seen a significant decline in investor participation, with delivery volume dropping by 58.42% compared to the 5-day average. In terms of returns, the stock has performed positively over the past week and month, with increases of 3.00% and 3.60%, respectively, although it has a year-to-date decline of 21.23% and a one-year decline of 24.74%.In the broader market context, the stock's short-term performance is slightly better than the benchmark Sensex, which has risen by 1.58% over the past week and 2.21% over the past month. However, the stock's year-to-date and one-year performance significantly lags behind the benchmark, which has gained 5.43% and declined only by 0.73%, respectively. This disparity indicates that while Suryalakshmi Cotton Mills Ltd is currently experiencing a short-term uptick, its long-term performance remains weak compared to the broader market, suggesting underlying challenges that may affect investor sentiment moving forward.
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