Why is Suyog Gurbaxani falling/rising?
As of 12-Sep, Suyog Gurbaxani Funicular Ropeways Ltd's stock price is Rs 125.05, down 3.81% after three days of gains, reflecting volatility despite a 13.63% increase over the past week and a significant year-to-date decline of 51.72%. The stock has underperformed its sector and the benchmark Sensex, indicating ongoing challenges despite some recent investor interest.
As of 12-Sep, Suyog Gurbaxani Funicular Ropeways Ltd is experiencing a decline in its stock price, currently at Rs 125.05, which reflects a decrease of Rs 4.95 or 3.81%. The stock has underperformed its sector by 4.56% today and has fallen after three consecutive days of gains. It reached an intraday high of Rs 134 but has since dropped to its current price, indicating volatility. The stock's performance over the past week shows a significant increase of 13.63%, although it has a year-to-date decline of 51.72%. The rising investor participation, with a delivery volume increase of 133.33% on September 11, suggests some interest, but the overall trend remains negative.Broader Market Context: In comparison to the benchmark Sensex, which has increased by 1.48% over the past week, Suyog Gurbaxani's recent performance indicates a divergence, particularly as it has underperformed in the short term. While the stock has shown strong returns over the past three years at 176.35%, its year-on-year performance is down by 29.35%, contrasting sharply with the Sensex's slight decline of 1.28%. This broader market context highlights the challenges faced by Suyog Gurbaxani, as it struggles to maintain momentum despite some positive short-term gains.
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