Why is Symphony falling/rising?
As of 07-Aug, Symphony Ltd. is facing a stock price decline to Rs 976.50, down 0.93%, and has lost 14.12% over the past six days. The stock is trading below all moving averages and is close to its 52-week low, significantly underperforming against the Sensex.
As of 07-Aug, Symphony Ltd. is experiencing a decline in its stock price, currently at Rs 976.50, which reflects a decrease of Rs 9.2 or 0.93%. The stock has been on a downward trend, losing value for the past six consecutive days, resulting in a total drop of 14.12% during this period. Additionally, the stock is trading below all its moving averages, indicating a bearish trend. It is also close to its 52-week low, just 2.26% away from Rs 954.4. In terms of performance against benchmarks, Symphony has underperformed significantly, with a year-to-date decline of 27.36% compared to a 3.18% gain in the Sensex.In the broader market context, Symphony's short-term performance has been notably worse than the benchmark, as it has fallen 12.41% over the past week while the Sensex decreased only 0.69%. This stark contrast highlights the stock's struggles relative to the overall market. Despite the negative performance, there has been a rise in investor participation, with delivery volume increasing by 55.27% against the five-day average, suggesting some interest from investors. However, the overall sentiment remains negative, as reflected in the stock's consecutive declines and significant underperformance compared to the benchmark indices.
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