Prestige Estates Projects Sees Decline in Stock Performance, Underperforms Sector

Prestige Estates Projects, a largecap company in the construction and real estate industry, has recently seen a decline in its stock performance. On November 27, 2024, the company's stock lost -4.61% of its value, underperforming the sector by -5.44%. This marks the second consecutive day of losses for the company, with a total decline of -6.08% in this period.

The stock opened with a gap down of -2.01% today and reached an intraday low of Rs 1624 (-5.03%). While the stock's moving averages are higher than the 20-day and 200-day averages, they are lower than the 5-day, 50-day, and 100-day averages.

In comparison to the overall market performance, Prestige Estates Projects has underperformed. On a one-day basis, the stock's performance was -4.62% compared to the Sensex's -0.01%. Over the past month, the stock has seen a decline of -4.49%, while the Sensex has seen a positive growth of 0.75%.

Despite the recent decline in stock performance, Prestige Estates Projects remains a largecap company in the construction and real estate industry. Investors should continue to monitor the company's performance and market trends before making any investment decisions.