Why is Tirupati Starch falling/rising?
As of 18-Nov, Tirupati Starch & Chemicals Ltd's stock price has declined to Rs 180.00, down 4.76%, with significant volatility and reduced investor participation. Despite a strong year-to-date return of 19.92%, recent trends indicate a bearish sentiment among investors.
As of 18-Nov, Tirupati Starch & Chemicals Ltd is experiencing a decline in its stock price, currently at Rs 180.00, which reflects a decrease of Rs 9.0 or 4.76%. The stock has underperformed its sector by 3.78% today, reaching an intraday low of Rs 168.1, marking a significant drop of 11.06%. The stock has shown high volatility with an intraday volatility of 5.59%, and trading activity indicates a weighted average price closer to the low price, suggesting a bearish sentiment among investors. Additionally, delivery volume has seen a drastic decline of 88.59% compared to the 5-day average, indicating falling investor participation. Over the past week, the stock has decreased by 2.17%, while it has shown a positive return of 3.30% over the past month.In the broader market context, the Sensex has increased by 0.96% over the past week, contrasting with Tirupati Starch's decline, which highlights the stock's underperformance relative to the benchmark. Year-to-date, Tirupati Starch has still managed a strong return of 19.92%, significantly outperforming the Sensex's 8.36% gain. However, the recent price movement and high volatility suggest that investor sentiment may be shifting negatively, despite the stock's strong long-term performance over 3 years and 5 years, where it has returned 172.31% and 417.24%, respectively.
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