Why is Sylvan Plyboard falling/rising?
As of 18-Sep, Sylvan Plyboard (India) Ltd is priced at 70.10, with a year-to-date decline of 17.53% and a one-year drop of 24.46%. The stock is underperforming compared to the benchmark Sensex and is trading below all key moving averages, indicating a challenging market environment.
As of 18-Sep, Sylvan Plyboard (India) Ltd is currently priced at 70.10, reflecting a slight increase of 0.1 or 0.14%. Despite this minor uptick, the stock has been underperforming in the longer term, with a year-to-date decline of 17.53% and a one-year drop of 24.46%. Today's performance indicates that the stock has outperformed its sector by 0.56%. However, it is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Additionally, there has been a significant decrease in investor participation, with delivery volume falling by 66.67% compared to the 5-day average. There are no positive or negative factors available to further explain the stock's recent movement.In the broader market context, the stock's performance over the past week shows a slight increase of 0.14%, which is significantly lower than the benchmark Sensex's rise of 1.67% during the same period. Over the past month, Sylvan Plyboard has declined by 2.16%, while the Sensex has increased by 2.20%. This trend indicates that the stock is not only struggling in the long term but is also lagging behind the benchmark in the short term, suggesting a challenging environment for the company amidst a generally rising market.
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