Why is Sylvan Plyboard falling/rising?
As of 24-Sep, Sylvan Plyboard (India) Ltd is priced at 69.50, with a downward trend indicated by trading below all moving averages and a year-to-date decline of 18.24%. Despite a recent increase in delivery volume, the stock is underperforming compared to the benchmark Sensex, which has seen positive growth.
As of 24-Sep, Sylvan Plyboard (India) Ltd is currently priced at 69.50, showing no change (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 0.71%, and it has seen a more significant decline of 18.24% year-to-date and 30.85% over the past year. However, there has been a notable increase in investor participation, with delivery volume rising by 166.67% against the 5-day average, suggesting some interest despite the overall negative performance. 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 has been relatively weak compared to the benchmark Sensex, which has increased by 0.75% over the past month and 5.97% year-to-date. The stock's decline of 2.11% over the last month contrasts with the benchmark's positive movement, indicating that Sylvan Plyboard is underperforming in comparison to the overall market. This underperformance, coupled with the stock trading below its moving averages, suggests a challenging environment for the company amidst a generally improving market.
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