Why is Suryalata Spg. falling/rising?
As of 09-Oct, Suryalata Spinning Mills Ltd's stock price is Rs 330.00, down 2.0% and has declined 5.57% over the last three days. Despite some positive returns recently, the stock has underperformed against its sector and has a year-to-date decline of 4.14%.
As of 09-Oct, Suryalata Spinning Mills Ltd is experiencing a decline in its stock price, currently at Rs 330.00, which reflects a decrease of Rs 6.75 or 2.0%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 5.57% during this period. Today's trading saw the stock reach an intraday low of Rs 326.15, and the volume of shares traded has significantly decreased, with delivery volume dropping by 79.48% compared to the five-day average. Despite the stock showing positive returns over the past week and month, it has underperformed against its sector today and has a year-to-date decline of 4.14%.Broader market context indicates that while the Sensex has shown a positive return of 1.47% over the past week, Suryalata's performance has been less favorable, with a 2.80% gain in the same timeframe. The stock's longer-term performance also reveals a stark contrast, as it has fallen 16.46% over the past year, while the Sensex has gained 0.87%. This divergence highlights the challenges faced by Suryalata Spinning Mills Ltd in maintaining investor interest and participation, which may be contributing to its current price decline.
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