Why is Paragon Fine falling/rising?
As of 01-September, Paragon Fine and Speciality Chemical Ltd's stock price is Rs 54.05, down 1.73%, with significant underperformance indicated by a year-to-date decline of -42.83% and a 1-year drop of -64.82%. The stock is trading below all moving averages and is close to its 52-week low, reflecting persistent weakness compared to the broader market.
As of 01-September, Paragon Fine and Speciality Chemical Ltd is experiencing a decline in its stock price, currently at Rs 54.05, which reflects a decrease of Rs 0.95 or 1.73%. The stock has underperformed significantly, with a 1-week return of -8.23% compared to the Sensex's -1.37%, and a year-to-date decline of -42.83% against the Sensex's gain of 4.15%. Additionally, the stock is trading below all its moving averages, indicating a bearish trend. It is also close to its 52-week low, being just 3.79% away from Rs 52. Unfortunately, there is no information available regarding positive or negative factors that could influence the stock's recent movement.In the broader market context, the BSE Small Cap index has gained by 1.49%, suggesting that the overall market is performing better than Paragon Fine. The stock's performance today has underperformed its sector by 2.53%, further highlighting its struggles in comparison to the market. The significant negative returns over various periods, particularly the 1-year decline of -64.82%, indicate a persistent weakness in the stock relative to the benchmark, which has seen a slight decline of -2.42% over the same timeframe. This context underscores the challenges Paragon Fine is facing in a market that is otherwise showing resilience.
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