Why is Suyog Gurbaxani falling/rising?
As of 24-Sep, Suyog Gurbaxani Funicular Ropeways Ltd's stock price is Rs 112.00, down 1.02%, and has fallen 11.78% over the last three days, indicating a bearish trend as it trades below key moving averages and near its 52-week low. Despite this, investor participation has increased significantly, with delivery volume up 146.75% compared to the 5-day average.
As of 24-Sep, Suyog Gurbaxani Funicular Ropeways Ltd is experiencing a decline in its stock price, currently at Rs 112.00, which reflects a decrease of Rs 1.15 or 1.02%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 11.78% during this period. Additionally, it is trading below all key moving averages, indicating a bearish trend. The stock is also close to its 52-week low, being only 4.46% away from Rs 107. Despite these negative indicators, there has been a notable increase in investor participation, with delivery volume rising by 146.75% compared to the 5-day average.In the broader market context, Suyog Gurbaxani's performance over the past week shows a decline of 6.28%, contrasting with the Sensex, which has only decreased by 1.18%. Over the past month, the stock has fallen by 4.27%, while the Sensex has gained 0.50%. Year-to-date, Suyog Gurbaxani has significantly underperformed, with a staggering decline of 56.76% compared to the Sensex's increase of 4.58%. This stark contrast highlights the challenges faced by the company in the current market environment, contributing to the ongoing downward pressure on its stock price.
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