Why is Yarn Syndic. PP falling/rising?
As of 11-Sep, Yarn Syndicate Ltd Partly Paidup has seen a price increase to 4.02, up 4.96%, with a strong short-term return of 17.89% over the past week, despite a negative year-to-date performance of -50.19%. Increased delivery volume indicates heightened investor interest, contrasting with the broader market's modest gains.
As of 11-Sep, Yarn Syndicate Ltd Partly Paidup has experienced a price increase, with its current price at 4.02, reflecting a rise of 0.19 or 4.96%. The stock has shown a strong performance today, outperforming its sector by 5.25% and achieving consecutive gains over the last five days, resulting in a total return of 17.89% during this period. Additionally, the stock's delivery volume has significantly increased, rising by 227.8% against the five-day average, indicating heightened investor participation. However, it is important to note that the stock's year-to-date performance remains negative at -50.19%, and it has underperformed over the past month with a decline of -1.71%.In the broader market context, the stock's recent short-term return of +17.89% over the past week stands in stark contrast to the Sensex, which has only increased by 1.03% during the same period. This significant outperformance suggests that investor sentiment towards Yarn Syndicate Ltd Partly Paidup is improving, despite its longer-term struggles reflected in its year-to-date and one-year returns. The liquidity of the stock appears adequate for trading, as it is based on 2% of the five-day average traded value, which supports its recent price movement.
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