Why is Suryalak. Cott. falling/rising?
As of 17-Sep, Suryalakshmi Cotton Mills Ltd's stock price is 67.81, having increased by 1.21% recently. The stock has shown positive short-term performance with gains over the last two days and increased investor interest, despite underperforming year-to-date compared to the Sensex.
As of 17-Sep, Suryalakshmi Cotton Mills Ltd's stock price is currently at 67.81, reflecting an increase of 0.81 or 1.21%. The stock has shown a positive trend, gaining for the last two days with a total return of 2.74% during this period. Additionally, the stock's performance over the past week and month has been favorable, with returns of 1.76% and 4.86%, respectively. Although the stock is currently trading above its 5-day and 20-day moving averages, it remains below its longer-term moving averages (50-day, 100-day, and 200-day). There has also been a notable increase in investor participation, with delivery volume rising by 27.09% compared to the 5-day average, indicating growing interest in the stock.In the broader market context, Suryalakshmi Cotton Mills Ltd's recent performance has outpaced the Sensex in the short term, with a 1-week return of 1.76% compared to the Sensex's 1.56%. However, the stock has underperformed on a year-to-date basis, showing a decline of 20.28% while the Sensex has gained 5.83%. This contrast highlights the stock's volatility and potential recovery in the short term, despite its longer-term struggles. Overall, the combination of recent gains, increased trading activity, and a favorable short-term comparison to the benchmark suggests a positive sentiment surrounding the stock, even as it continues to navigate a challenging year.
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