Why is Swadeshi Polytex falling/rising?
As of 16-Sep, Swadeshi Polytex Ltd's stock price is at 64.78, showing a slight increase after two days of decline, but it has underperformed the Sensex recently. Despite a significant year-to-date drop, the stock has gained 16.30% over the past month, indicating potential recovery amidst volatility.
As of 16-Sep, Swadeshi Polytex Ltd's stock price is currently at 64.78, reflecting an increase of 0.78 or 1.22%. The stock has shown a trend reversal, gaining after two consecutive days of decline. It is performing in line with its sector today, and the delivery volume has increased by 2.9% compared to the 5-day average, indicating rising investor participation. Despite a year-to-date decline of 29.72% and a one-year drop of 37.35%, the stock has seen a notable increase of 16.30% over the past month, suggesting some recovery. However, there is no information available regarding positive or negative factors that could further explain the stock's recent movement.In the broader market context, the Sensex has increased by 1.58% over the past week, while Swadeshi Polytex has decreased by 6.35% in the same period, indicating underperformance relative to the benchmark. Year-to-date, the stock's performance is significantly lagging behind the Sensex, which has gained 5.43%. Over the longer term, the stock has outperformed the benchmark over the 5-year period, with a staggering increase of 997.97% compared to the Sensex's 109.60%. This contrast highlights the stock's volatility and potential for recovery, even as it currently faces challenges in the short term.
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