West Coast Paper Mills Faces Significant Stock Volatility Amid Broader Market Trends
West Coast Paper Mills has faced notable volatility, reaching a new 52-week low and experiencing a significant decline over the past three days. The stock is trading below all major moving averages, contrasting with the broader market's performance. Year-to-date, it has declined substantially, though it shows gains over longer periods.
West Coast Paper Mills has experienced significant volatility today, with the stock declining by 7.09%. The company reached a new 52-week low of Rs. 382.15, marking a notable drop of 11.71% at its intraday low. Over the past three days, the stock has seen a cumulative decline of 10.65%, underperforming the broader sector, which has fallen by 3.5%.In terms of moving averages, West Coast Paper Mills is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a bearish trend. The stock's performance metrics reveal a stark contrast to the Sensex, which has shown some recovery after a significant gap down opening. While the Sensex is down 3.42%, West Coast Paper Mills has underperformed with a 7.05% decline today.
Looking at longer-term performance, the stock has faced challenges, with a year-to-date decline of 27.63% and a one-year drop of 36.76%. However, over a three-year period, it has gained 14.79%, and over five years, it has increased by 194.65%.
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