Why is Chandra Pr. Intl falling/rising?
As of 14-Nov, Chandra Prabhu International Ltd's stock price is Rs. 10.60, down 3.64%, marking a new 52-week low and an 11.3% decline over the past week. The stock has significantly underperformed its sector and the broader market, with year-to-date and one-year declines of over 35%, despite increased investor participation.
As of 14-Nov, Chandra Prabhu International Ltd is experiencing a decline in its stock price, currently at Rs. 10.60, which reflects a decrease of Rs. 0.4 or 3.64%. The stock has hit a new 52-week low of Rs. 10.45 today and has been on a downward trend, having fallen consecutively for the last seven days, resulting in a total decline of 11.3% during this period. Additionally, the stock has underperformed its sector by 4.51%. In terms of returns, Chandra Prabhu International has seen significant losses over various periods, including a year-to-date decline of 35.24% and a one-year decline of 35.73%, while its performance over the last three years shows a staggering drop of 50.09%. There is a noted increase in investor participation, with delivery volume rising by 81.04% against the five-day average, indicating some interest despite the overall negative performance.Broader Market Context: In comparison to the benchmark Sensex, which has shown positive returns of 1.62% over the past week and 3.09% over the past month, Chandra Prabhu International's performance has been notably poor, with a weekly decline of 8.46% and a monthly decline of 15.87%. This stark contrast highlights the stock's struggles relative to the broader market, suggesting that external market conditions are favoring other stocks while Chandra Prabhu International continues to face challenges. The liquidity of the stock remains adequate for trading, but the overall negative sentiment and performance metrics indicate a lack of confidence among investors.
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