Why is Swadeshi Polytex falling/rising?
As of 15-Sep, Swadeshi Polytex Ltd's stock price is Rs 64.00, down 3.4%, with a significant year-to-date decline of 30.57%. The stock is underperforming compared to the Sensex, which has gained 4.67% this year, indicating ongoing challenges and reduced investor interest.
As of 15-Sep, Swadeshi Polytex Ltd's stock price is currently at Rs 64.00, reflecting a decrease of Rs 2.25, or 3.4%. The stock has been underperforming, having lost 6.14% over the last two days and trading below all key moving averages, indicating a bearish trend. Additionally, the stock's performance over the past week shows a significant decline of 10.99%, while year-to-date it has dropped 30.57%. There is a notable decrease in investor participation, with delivery volume falling by 48.32% compared to the five-day average, suggesting reduced interest from investors. Unfortunately, there is no information available regarding positive or negative factors that could influence the stock's recent movement.In the broader market context, Swadeshi Polytex's short-term performance has been significantly worse than the benchmark Sensex, which has gained 1.24% over the past week. While the Sensex has shown a modest increase of 1.47% over the past month, Swadeshi Polytex has managed a positive return of 14.90% in the same period, indicating some recovery potential. However, the stark contrast in year-to-date performance, with the stock down 30.57% compared to the Sensex's 4.67% increase, highlights the challenges faced by Swadeshi Polytex in the current market environment.
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