Why is Swasth Foodtech falling/rising?
As of 29-Aug, Swasth Foodtech India Ltd's stock price is Rs 31.11, down 4.86%, and has underperformed its sector by 5.21%. The stock is trading below all major moving averages, reflecting broader market trends as the Sensex has also declined by 1.84% over the past week.
As of 29-Aug, Swasth Foodtech India Ltd is experiencing a decline in its stock price, currently at Rs 31.11, which represents a decrease of 1.59 or 4.86%. The stock has underperformed its sector by 5.21% today and opened with a loss of 2.75%. It reached an intraday low of Rs 31.11, and it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a significant increase in delivery volume by 275% on August 22, the stock's performance over the past week shows a decline of 4.86%, while it has seen a slight increase of 0.23% over the past month. There is no available information on positive or negative factors impacting the stock.Broader market context indicates that the Sensex has declined by 1.84% over the past week, suggesting that while Swasth Foodtech's performance is poor, it is not entirely isolated from broader market trends. The stock's recent performance contrasts with the benchmark, as it has significantly underperformed in the short term compared to the Sensex. This indicates that the challenges faced by Swasth Foodtech may be exacerbated by overall market conditions, contributing to the downward pressure on its stock price.
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