Why is Zuari Industries falling/rising?
As of 16-Sep, Zuari Industries Ltd's stock is priced at 300.70, having gained 1.26% today but down 6.03% year-to-date. Despite recent short-term gains, long-term performance shows significant growth over three and five years, though reduced investor participation may impact future outlook.
As of 16-Sep, Zuari Industries Ltd's stock is currently priced at 300.70, reflecting an increase of 3.75, or 1.26%. The stock has shown a positive performance today, outperforming its sector by 1.51%, and has gained consecutively over the last two days, with a total return of 2.28% during this period. It opened with a gain of 2.61% and reached an intraday high of Rs 304.7. However, despite these gains, the stock has experienced a decline of 6.03% year-to-date and a significant drop of 20.32% over the past year. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 50.82% against the 5-day average, which may indicate a lack of sustained interest from investors.Broader market context shows that while Zuari Industries has gained 0.37% over the past week, this is underperforming compared to the Sensex, which has increased by 1.58% in the same timeframe. In the last month, Zuari Industries has risen by 2.77%, slightly outperforming the Sensex's 2.21% gain. However, the stock's long-term performance remains strong, with a 71.63% increase over three years and an impressive 492.51% rise over five years, significantly outpacing the benchmark's returns. This mixed performance suggests that while there are short-term gains, the long-term outlook may be affected by recent declines and reduced trading activity.
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