Why is Sylvan Plyboard falling/rising?
As of 06-Oct, Sylvan Plyboard (India) Ltd's stock price is declining at 64.05, down 3.17%, and has underperformed its sector significantly. The stock is trading below all major moving averages and has seen a 24.65% year-to-date decline, indicating ongoing negative momentum despite a strong overall market performance.
As of 06-Oct, Sylvan Plyboard (India) Ltd is experiencing a decline in its stock price, currently at 64.05, which reflects a decrease of 2.1 or 3.17%. The stock has underperformed its sector by 3.99% today, and it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 37.5% compared to the 5-day average. Over the past week, the stock has decreased by 3.03%, and it has seen a substantial decline of 24.65% year-to-date, indicating ongoing negative momentum.In the broader market context, the Sensex has increased by 1.80% over the past week and 6.06% year-to-date, highlighting that the overall market is performing well while Sylvan Plyboard continues to struggle. The stock's poor performance is further emphasized by its year-on-year decline of 30.46%, contrasting sharply with the Sensex's modest gain of 0.25% in the same period. This disparity suggests that the challenges faced by Sylvan Plyboard are specific to the company rather than reflective of the broader market conditions.
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