Why is Guj. Petrosynth. falling/rising?
As of 13-Nov, Gujarat Petrosynthese Ltd's stock price is Rs 60.00, down 3.18%, and has underperformed its sector. The stock is in a bearish trend, trading below key moving averages, with a significant drop in investor participation and a year-to-date decline of 12.41% compared to the Sensex's gain.
As of 13-Nov, Gujarat Petrosynthese Ltd is experiencing a decline in its stock price, currently at Rs 60.00, which reflects a decrease of Rs 1.97 or 3.18%. The stock has underperformed its sector by 1.62% today and has been on a downward trend for the last two days, accumulating a total loss of 5.44%. It reached an intraday low of Rs 58.5, indicating significant selling pressure. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. Investor participation has also decreased, with delivery volume dropping by 75.4% compared to the 5-day average, indicating a lack of confidence among investors.Broader market context shows that over the past week, Gujarat Petrosynthese Ltd has declined by 3.89%, while the benchmark Sensex has risen by 1.40%. This underperformance is further highlighted by the stock's year-to-date decline of 12.41% compared to the Sensex's gain of 8.11%. The stock's long-term performance appears more favorable, with a 3-year return of 53.45% against the Sensex's 36.71%, and a remarkable 5-year return of 328.57% compared to the benchmark's 94.46%. However, the recent short-term trends indicate a troubling divergence from the broader market, contributing to the stock's current downward trajectory.
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