Why is Yarn Syndic. PP falling/rising?
As of 23-Jun, Yarn Syndicate Ltd Partly Paidup's stock price is Rs. 1.77, down 4.84%, marking a new 52-week low and a 58.74% drop over the last 21 days. The stock is underperforming significantly compared to the Sensex, with a year-to-date decline of 78.07% and a drastic reduction in investor interest.
As of 23-Jun, Yarn Syndicate Ltd Partly Paidup is experiencing a decline in its stock price, currently at Rs. 1.77, which represents a decrease of 0.09 or 4.84%. The stock has hit a new 52-week and all-time low today, continuing a downward trend with a consecutive fall over the last 21 days, resulting in a staggering 58.74% drop in returns over that period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating persistent weakness. Furthermore, there has been a significant decline in investor participation, with delivery volume plummeting by 94.86% compared to the 5-day average, which suggests a lack of interest from investors.In the broader market context, the stock's performance has been notably poor compared to the benchmark Sensex, which has gained 0.12% over the past week while Yarn Syndicate Ltd has dropped 21.68%. Year-to-date, the stock has fallen 78.07%, contrasting sharply with the Sensex's 4.81% increase. This stark difference highlights the stock's underperformance relative to the market, further exacerbated by the overall negative sentiment reflected in its significant losses over various time frames. The absence of any positive factors in the provided data indicates that there are no mitigating circumstances to counterbalance the stock's decline.
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