Why is Swadeshi Polytex falling/rising?
As of 18-Sep, Swadeshi Polytex Ltd is priced at 65.27, with a recent slight increase but a significant year-to-date decline of 29.19%. The stock has underperformed compared to the benchmark Sensex, contributing to decreased investor participation and caution.
As of 18-Sep, Swadeshi Polytex Ltd is currently priced at 65.27, reflecting a slight increase of 0.03 or 0.05%. The stock has been gaining for the last three days, with a total return of 1.98% during this period. However, it has experienced a decline of 4.28% over the past week and a significant drop of 29.19% year-to-date. The stock is currently trading above its 50-day and 100-day moving averages but below its 5-day, 20-day, and 200-day moving averages. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 18.94% compared to the five-day average, indicating a potential concern regarding demand. Unfortunately, there is no information available regarding positive or negative factors that could further explain the stock's recent movement.Broader market context shows that while Swadeshi Polytex has gained 14.89% over the past month, the benchmark Sensex has only increased by 2.14% during the same period. However, in the short term, the stock's performance has lagged behind the benchmark, as it has fallen 4.28% in the last week while the Sensex has risen by 1.80%. This disparity highlights the stock's underperformance relative to the broader market, which may contribute to investor caution and the observed decline in trading volume.
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