Why is Swastik Pipe falling/rising?
As of 17-Sep, Swastik Pipe Ltd is priced at 32.05, down 2.88%, and has significantly underperformed its sector and the broader market, with a year-to-date decline of 40.09%. The stock is trading below all major moving averages and has seen a drastic drop in investor participation.
As of 17-Sep, Swastik Pipe Ltd is currently priced at 32.05, reflecting a decline of 0.95, or 2.88%. The stock has underperformed its sector today by 2.62%, and it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant drop in investor participation, with delivery volume on 16 September falling by 88.1% compared to the 5-day average. Over the past week, the stock has decreased by 3.90%, and year-to-date, it has seen a substantial decline of 40.09%. Unfortunately, there is no information available regarding positive or negative factors that could influence the stock's recent movement.In the broader market context, the Sensex has increased by 1.43% over the past week, contrasting sharply with Swastik Pipe's decline. While the stock has shown a positive return of 4.23% over the past month, it still lags significantly behind the benchmark's 2.84% increase. The stark difference in performance, particularly the year-to-date drop of 40.09% for Swastik Pipe compared to the Sensex's rise of 7.13%, indicates that the stock is struggling to keep pace with the overall market trends.
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