Why is Suyog Gurbaxani falling/rising?
As of 29-Sep, Suyog Gurbaxani Funicular Ropeways Ltd's stock price is Rs 110.50, down 3.91%, and has fallen 8.6% over the last two days. The stock is underperforming, trading below moving averages and near its 52-week low, with a year-to-date decline of 57.34% compared to the Sensex's gain.
As of 29-Sep, Suyog Gurbaxani Funicular Ropeways Ltd is experiencing a decline in its stock price, currently at Rs 110.50, which represents a decrease of Rs 4.5 or 3.91%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total drop of 8.6% during this period. It is also trading below all its moving averages, indicating a bearish trend. Additionally, the stock is close to its 52-week low, being only 3.17% away from Rs 107. The delivery volume has significantly decreased, with a drop of 91.94% compared to the 5-day average, suggesting a lack of investor interest. The stock's year-to-date performance shows a substantial decline of 57.34%, contrasting sharply with the Sensex's gain of 2.85%.In the broader market context, the stock's short-term performance over the past week has been notably poor, with a decline of 7.92%, compared to the Sensex's decrease of only 2.18%. This underperformance highlights the stock's weakness relative to the benchmark. Over the past month, however, the stock has shown a slight positive return of 2.31%, while the Sensex has increased by 0.70%. Despite this, the overall trend remains negative, particularly in the year-to-date and one-year comparisons, where Suyog Gurbaxani has significantly lagged behind the market.
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