Why is Paramount Cosmet falling/rising?
As of 12-Jun, Paramount Cosmetics (India) Ltd is currently priced at 38.89, reflecting a recent upward trend with a 1.09% increase. Despite a year-to-date decline of 19.48%, the stock has shown positive short-term performance, outperforming its sector and the benchmark Sensex recently.
As of 12-Jun, Paramount Cosmetics (India) Ltd is experiencing a price increase, with the current price at 38.89, reflecting a change of 0.42 or 1.09% upward. The stock has shown a positive performance today, outperforming its sector by 2.51% and has been gaining for the last two days, resulting in a total return of 5.08% during this period. Additionally, the stock's delivery volume has increased by 18.79% against the 5-day average, indicating rising investor participation. However, the stock's year-to-date performance shows a decline of 19.48%, despite a strong 5-year return of 176.80%. There is no information available regarding positive or negative factors that might influence the stock's movement.Broader Market Context: In the short term, the stock's performance over the past week has been slightly negative at -0.26%, while the benchmark Sensex has gained 0.31%. Over the past month, the stock has outperformed the benchmark with a return of 1.99% compared to the Sensex's decline of 0.90%. This suggests that while the stock has faced challenges in the longer term, it has recently shown resilience and positive momentum relative to the broader market.
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