Why is Suyog Gurbaxani falling/rising?
As of 09-Sep, Suyog Gurbaxani Funicular Ropeways Ltd's stock price has risen to Rs 116.00, marking a 7.41% increase after a trend reversal. Despite this short-term gain and increased investor participation, the stock has declined 6.83% over the past month and 55.21% year-to-date, indicating ongoing long-term challenges.
As of 09-Sep, Suyog Gurbaxani Funicular Ropeways Ltd's stock price is rising, currently at Rs 116.00, reflecting an increase of Rs 8.0 or 7.41%. The stock has shown a trend reversal, gaining after three consecutive days of decline. Notably, it has outperformed its sector by 7.38% today. Additionally, there has been a significant rise in investor participation, with delivery volume increasing by 275% compared to the 5-day average. However, the stock's performance over the past month shows a decline of 6.83%, and it has a year-to-date drop of 55.21%, indicating a challenging longer-term trend.In the broader market context, the stock's short-term return of +2.65% over the past week outperformed the Sensex, which increased by only 1.18%. This suggests that while the stock is experiencing a positive short-term movement, it has struggled significantly over longer periods, as evidenced by its year-to-date performance compared to the Sensex's gain of 3.79%. The stock's liquidity appears adequate for trading, but it has not traded on one day out of the last 20, indicating some erratic trading behavior. Overall, the recent price increase may be attributed to a combination of short-term recovery and increased investor interest, despite the stock's overall poor performance in the longer term.
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