Why is Yarn Syndic. PP falling/rising?
As of 10-Jun, Yarn Syndicate Ltd Partly Paidup's stock price has fallen to Rs. 2.75, marking a 4.84% decline and a new all-time low. The stock has significantly underperformed its sector and the broader market, with year-to-date and one-year drops of 65.92% and 69.44%, respectively, despite a recent increase in investor participation.
As of 10-Jun, Yarn Syndicate Ltd Partly Paidup is experiencing a decline in its stock price, currently at Rs. 2.75, which represents a decrease of Rs. 0.14 or 4.84%. The stock has hit a new 52-week and all-time low today, and it has been on a downward trend for the last 21 days, resulting in a significant loss of 45.97% during this period. Additionally, the stock has underperformed its sector by 3.78%. The returns over various periods indicate a severe decline, with a year-to-date drop of 65.92% and a one-year decrease of 69.44%. There is a notable rise in investor participation, with delivery volume increasing by 79.52% against the five-day average, suggesting some interest despite the overall negative performance.In the broader market context, the stock's performance contrasts sharply with the Sensex, which has gained 5.44% year-to-date and 7.72% over the past year. The stock has underperformed the benchmark significantly, with a one-month return of -47.01% compared to the Sensex's 3.70% increase. This stark difference highlights the challenges Yarn Syndicate Ltd Partly Paidup is facing in the current market environment, as it continues to trade below all key moving averages, indicating a lack of upward momentum. The absence of specific positive or negative factors further complicates the outlook for the stock, leaving it vulnerable to continued declines.
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