Why is Suryalak. Cott. falling/rising?
As of 19-Sep, Suryalakshmi Cotton Mills Ltd's stock price is declining at 65.89, down 2.52%, and has underperformed against the Sensex, which has gained 0.88% over the past week. Despite a significant 5-year return of 281.97%, recent trends show negative sentiment with a year-to-date decline of 22.54%.
As of 19-Sep, Suryalakshmi Cotton Mills Ltd is experiencing a decline in its stock price, currently at 65.89, which represents a decrease of 1.7 or 2.52%. The stock has been underperforming, having lost 2.83% over the last two days and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the stock touched an intraday low of Rs 64.25, reflecting a significant drop of 4.94%. Despite a rise in delivery volume by 84.46% against the 5-day average, the overall performance remains negative, with year-to-date returns down by 22.54% compared to a 5.74% increase in the benchmark index.In the broader market context, Suryalakshmi Cotton Mills Ltd has underperformed the Sensex, which has gained 0.88% over the past week and 1.20% over the past month, while the stock has seen declines of 0.54% and 2.46% in the same periods. This trend highlights a significant divergence between the stock's performance and the broader market, indicating potential investor concerns or negative sentiment surrounding the company. The stock's long-term performance is also noteworthy, with a 5-year return of 281.97%, which, while impressive, is overshadowed by its recent struggles and the stark contrast to the Sensex's 112.70% gain over the same period.
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