Why is Suryalak. Cott. falling/rising?
As of 22-Sep, Suryalakshmi Cotton Mills Ltd is facing a decline in stock price, currently at 65.73, down 0.24%, with a total drop of 3.07% over the last three days. The stock is underperforming compared to the Sensex, which has gained 5.15% year-to-date, despite a recent increase in investor participation.
As of 22-Sep, Suryalakshmi Cotton Mills Ltd is experiencing a decline in its stock price, currently at 65.73, which reflects a decrease of 0.16 or 0.24%. The stock has been underperforming recently, having fallen consecutively for the last three days, resulting in a total decline of 3.07% during this period. Additionally, the stock's performance over the past week and month shows negative returns of 0.41% and 1.16%, respectively, while year-to-date returns are down by 22.73%. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. However, there has been a notable increase in investor participation, with delivery volume rising by 138.4% against the 5-day average, suggesting some interest despite the overall downward movement.In the broader market context, Suryalakshmi Cotton Mills Ltd's recent performance contrasts sharply with the benchmark Sensex, which has gained 0.46% over the past week and 1.05% over the past month. The stock's year-to-date performance is significantly worse than the Sensex, which has risen by 5.15% during the same period. This disparity highlights the stock's struggle to attract investor confidence compared to the overall market. While the stock has outperformed its sector by 0.47% today, the persistent decline and underperformance relative to the benchmark indicate ongoing challenges for the company in the current market environment.
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