Why is Swastik Pipe falling/rising?
As of 18-Sep, Swastik Pipe Ltd's stock price is at 32.85, up 2.5% today, but it has declined 38.60% year-to-date and 49.27% over the past year. Despite a recent increase in delivery volume and a 6.83% gain over the past month, the stock is underperforming compared to the broader market in the short term.
As of 18-Sep, Swastik Pipe Ltd's stock price is currently at 32.85, reflecting an increase of 0.8, or 2.5%. The stock has shown a performance today that outperformed its sector by 2.1%. Additionally, the delivery volume on 17 September has risen significantly by 194.87% compared to the 5-day average, indicating increased investor participation. However, the stock's year-to-date performance remains concerning, with a decline of 38.60%, and a one-year return of -49.27%. Unfortunately, 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 stock's short-term performance over the past week shows a decline of 1.50%, while the benchmark Sensex has increased by 1.67%. This indicates that Swastik Pipe Ltd is underperforming compared to the broader market in the short term. However, over the past month, the stock has gained 6.83%, which is slightly lower than the Sensex's 2.20% increase, suggesting a potential recovery trend in the near term despite the overall negative year-to-date and yearly performance.
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