Why is Trishakti Indus falling/rising?
As of 06-Aug, Trishakti Industries Ltd is priced at 174.05, down 0.2%, but has shown strong weekly and monthly returns of 6.52% and 16.81%, respectively. The stock outperformed the Sensex recently, despite a year-to-date flat performance, and has impressive long-term growth with a 1-year return of 137.64% and a 3-year return of 1350.42%.
As of 06-Aug, Trishakti Industries Ltd is currently priced at 174.05, experiencing a slight decline of 0.35, which represents a decrease of 0.2%. Despite this minor drop, the stock has shown strong performance over the past week and month, with returns of 6.52% and 16.81%, respectively. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend. The delivery volume has also seen a significant increase, rising by 107.93% compared to the 5-day average, suggesting heightened investor interest. However, there is no information available regarding any specific positive or negative factors impacting the stock's recent movement.In the broader market context, Trishakti Industries Ltd has outperformed the Sensex over the past week and month, while the benchmark has declined by 1.15% and 3.46%, respectively. This indicates that despite the current price drop, the stock has been resilient compared to the overall market performance. Year-to-date, the stock has remained relatively flat at -0.06%, contrasting with the Sensex's gain of 3.08%. Over the longer term, Trishakti Industries has shown remarkable growth, with a 1-year return of 137.64% and a staggering 3-year return of 1350.42%, significantly surpassing the benchmark's performance.
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