Why is Yarn Syndic. PP falling/rising?
As of 19-Sep, Yarn Syndicate Ltd Partly Paidup's stock price has declined to 3.89, down 4.89%, and has underperformed its sector and the benchmark Sensex significantly. The stock has dropped 51.80% year-to-date, with a sharp decrease in delivery volume, indicating reduced investor interest.
As of 19-Sep, Yarn Syndicate Ltd Partly Paidup has experienced a decline in its stock price, currently at 3.89, reflecting a decrease of 0.2 or 4.89%. The stock has underperformed its sector by 4.43% today and has been on a downward trend, falling consecutively for the last two days with a total return of -5.12%. Over the past week, the stock has dropped by 6.71%, and year-to-date, it has seen a significant decline of 51.80%. Additionally, the delivery volume has decreased sharply by 79.63% compared to the 5-day average, indicating falling investor participation. There is no information available regarding positive or negative factors that could influence the stock's recent movement.Broader Market Context: In comparison to the benchmark, the Sensex has gained 0.88% over the past week, while Yarn Syndicate Ltd has declined, highlighting a stark contrast in performance. The stock's year-to-date performance is also notably poor, with a drop of 51.80%, while the Sensex has increased by 5.74% during the same period. This underperformance against the benchmark suggests that broader market conditions are favoring other investments, contributing to the stock's decline.
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