Why is Swastika Investm falling/rising?
As of 16-Sep, Swastika Investmart Ltd's stock price is at 103.15, down 2.87%, and has reached a 52-week low of Rs.101.75. The stock has underperformed significantly, with a year-to-date decline of 42.66%, contrasting sharply with the Sensex's positive performance.
As of 16-Sep, Swastika Investmart Ltd's stock price is currently at 103.15, reflecting a decline of 3.05, or 2.87%. The stock has hit a new 52-week low of Rs.101.75 today and has been on a downward trend, losing 7.9% over the last four days. It has underperformed its sector by 3.15% today, and it is trading below all key moving averages, indicating a bearish sentiment. Additionally, the stock has shown significant declines over the past month and year, with returns of -13.36% and -45.07%, respectively, while the stock has seen a rise in delivery volume, suggesting increased investor participation despite the negative price movement.Broader Market Context: In comparison to the benchmark Sensex, which has gained 1.58% over the past week, Swastika Investmart has experienced a substantial decline of 7.32%. This stark contrast highlights the stock's underperformance relative to the broader market. While the Sensex has shown positive returns over various periods, Swastika Investmart's year-to-date performance is notably poor at -42.66%, further emphasizing the challenges the company faces in the current market environment.
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