Why is Yarn Syndic. PP falling/rising?
As of 04-Sep, Yarn Syndicate Ltd Partly Paidup's stock price is 3.41, down 1.16% and has significantly underperformed its sector and the broader market, with a year-to-date decline of 57.74%. The stock is experiencing weak investor interest, as indicated by a sharp drop in delivery volume and a trend reversal after three days of gains.
As of 04-Sep, Yarn Syndicate Ltd Partly Paidup's stock price is currently at 3.41, reflecting a decrease of 0.04 or 1.16%. The stock has underperformed its sector by 1.56% today and has experienced a trend reversal, falling after three consecutive days of gains. Additionally, the stock's performance over the past month shows a significant decline of 20.70%, while year-to-date it has dropped by 57.74%. The delivery volume has also decreased sharply, with a 66.32% drop compared to the five-day average, indicating falling investor participation. Unfortunately, there is no information available regarding positive or negative factors affecting the stock.Broader market context reveals that the stock's short-term return over the past week is a modest gain of 0.29%, which is significantly lower than the Sensex's increase of 0.80% during the same period. This underperformance is further highlighted by the stark contrast in year-to-date returns, where Yarn Syndicate has declined by 57.74% compared to the Sensex's rise of 3.30%. Overall, the stock's recent decline appears to be influenced by weak investor interest and a lack of positive momentum relative to the broader market.
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