Why is Sylvan Plyboard falling/rising?
As of 15-Sep, Sylvan Plyboard (India) Ltd is priced at 70.00, reflecting a downward trend with a 3.85% decline over the past week and 17.65% year-to-date. Despite increased investor participation, the stock underperforms compared to the broader market, which has seen positive returns.
As of 15-Sep, Sylvan Plyboard (India) Ltd is currently priced at 70.00, with no change in price, reflecting a flat movement of 0.00%. The stock has been trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a downward trend. Over the past week, the stock has decreased by 3.85%, and it has also seen a decline of 17.65% year-to-date. However, there has been a notable increase in investor participation, with a delivery volume on September 11 rising by 462.5% compared to the 5-day average, suggesting a potential interest in the stock despite its recent performance. Unfortunately, there is no information available regarding positive or negative factors impacting the stock.In the broader market context, the Sensex has shown a positive return of 1.20% over the past week and 6.02% year-to-date, contrasting sharply with Sylvan Plyboard's negative returns. This underperformance relative to the benchmark indicates that while the market is generally trending upward, Sylvan Plyboard is struggling to keep pace. The liquidity of the stock remains adequate for trading, as it is based on 2% of the 5-day average traded value, but the overall negative return trends suggest that investors may be cautious about the stock's future performance.
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