Why is Suyog Gurbaxani falling/rising?
As of 15-Oct, Suyog Gurbaxani Funicular Ropeways Ltd's stock price is at 113.50, down 0.26%, and has underperformed its sector and the broader market significantly. The stock is in a bearish trend, trading below all key moving averages, with a notable decline in delivery volume and a year-to-date drop of 56.18%.
As of 15-Oct, Suyog Gurbaxani Funicular Ropeways Ltd is experiencing a decline in its stock price, currently at 113.50, reflecting a decrease of 0.3 or 0.26%. The stock has underperformed its sector by 1.73% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 4.62%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The delivery volume has also decreased significantly, falling by 39.39% compared to the 5-day average, suggesting a reduction in investor participation. There is no available information regarding positive or negative factors that could influence the stock's recent movement.Broader market context indicates that Suyog Gurbaxani's performance has been notably poor compared to the benchmark, with a 1-week return of -1.52% against the Sensex's gain of 1.02%. Over the past month, the stock has declined by 16.54%, while the Sensex has increased by 1.00%. Year-to-date, Suyog Gurbaxani has seen a substantial drop of 56.18%, contrasting sharply with the Sensex's positive return of 5.72%. This significant underperformance relative to the broader market may contribute to the negative sentiment surrounding the stock.
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