Why is Swaraj Suiting falling/rising?
As of 15-Sep, Swaraj Suiting Ltd's stock price is at 179.90, showing a short-term increase despite a significant year-to-date decline of 19.72% and a 34.94% drop over the past year. While it outperformed its sector recently, its long-term performance remains concerning with lower moving averages and decreased investor participation.
As of 15-Sep, Swaraj Suiting Ltd's stock price is currently at 179.90, reflecting an increase of 1.6, or 0.9%. The stock has shown a positive performance today, outperforming its sector by 0.6%. However, it is important to note that while the stock is higher than its 5-day and 20-day moving averages, it remains below its 50-day, 100-day, and 200-day moving averages. Additionally, there has been a decline in investor participation, with a delivery volume of 15.5k on September 12, which is down by 8.82% compared to the 5-day average. Year-to-date, the stock has decreased by 19.72%, and over the past year, it has fallen by 34.94%, although it has shown a remarkable increase of 591.26% over the past three years.In the broader market context, the stock's short-term return of 6.70% over the past week significantly outperforms the Sensex, which has only increased by 1.20% during the same period. This indicates that despite the stock's recent struggles and overall negative performance year-to-date and over the past year, it has been gaining traction in the short term compared to the benchmark. The liquidity of the stock remains adequate for trading, suggesting that there is still interest among investors, even as participation has dipped. Overall, while the stock is experiencing a short-term rise, its long-term performance remains a concern.
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