Why is Sylvan Plyboard falling/rising?
As of 17-Sep, Sylvan Plyboard (India) Ltd is priced at 70.00 with no change, reflecting a bearish trend and significant declines in returns over various periods. The stock is underperforming compared to the broader market, with reduced investor interest indicated by a drop in delivery volume.
As of 17-Sep, Sylvan Plyboard (India) Ltd is currently priced at 70.00, with no change in price, reflecting a 0.00% movement. The stock has been underperforming, with a 1-week return of -2.85% and a 1-month return of -2.30%. Additionally, it has shown significant declines year-to-date at -17.65% and over the past year at -23.12%. The stock is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Furthermore, there has been a notable decrease in investor participation, with delivery volume falling by 66.67% compared to the 5-day average, suggesting reduced interest in the stock. There are no positive or negative factors available to provide further context on the stock's recent movement.In the broader market context, the Sensex has performed positively, gaining 1.43% over the past week and 2.84% over the past month, while Sylvan Plyboard's performance has been negative during the same periods. The stark contrast between the stock's returns and the benchmark indicates that the stock is not only lagging behind the market but also facing challenges that may be contributing to its declining price. The liquidity of the stock remains adequate for trading, but the overall negative sentiment and lower investor engagement are likely impacting its price stability.
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