Why is Veeram Securit. falling/rising?
As of 23-Sep, Veeram Securities Ltd's stock price is Rs 8.20, down 0.61%, with a total return of -2.84% over the last two days and a year-to-date decline of -17.17%. The stock has seen reduced investor interest, with delivery volume down 62.16% compared to the 5-day average, and has significantly underperformed the Sensex over the long term.
As of 23-Sep, Veeram Securities Ltd is experiencing a decline in its stock price, currently at Rs 8.20, reflecting a decrease of Rs 0.05 or 0.61%. The stock has been losing value for the last two days, with a total return of -2.84% during this period. It is also noteworthy that the stock is currently 4.27% away from its 52-week low of Rs 7.85. The stock's performance over the past month shows a slight decline of -0.36%, while year-to-date, it has dropped significantly by -17.17%. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 62.16% compared to the 5-day average, indicating reduced interest in trading the stock.In the broader market context, Veeram Securities Ltd's short-term performance contrasts with the benchmark Sensex, which has shown a slight decline of -0.34% over the past week, while the stock itself has gained 2.12%. However, over the longer term, the stock has underperformed significantly, with a 3-year return of -56.71% compared to the Sensex's gain of 41.31%. This stark difference highlights the challenges faced by Veeram Securities Ltd in attracting investor confidence, especially given its poor performance relative to the benchmark and the overall market trends.
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