Why is Paras Petrofils falling/rising?
As of 11-Sep, Paras Petrofils Ltd's stock price is declining at 2.45, down 3.92%, and has underperformed its sector. Despite a rise in delivery volume, the stock has shown negative returns of 5.04% over the past month and 22.47% year-to-date, indicating weak performance relative to the broader market.
As of 11-Sep, Paras Petrofils Ltd is experiencing a decline in its stock price, currently at 2.45, which reflects a decrease of 0.1 or 3.92%. The stock has underperformed its sector by 3.63% today and has fallen after two consecutive days of gains. In terms of returns, the stock has shown a negative performance over the past month, down 5.04%, and a significant decline of 22.47% year-to-date. Although the stock's delivery volume has increased by 128.38% against the 5-day average, indicating rising investor participation, it remains lower than the longer-term moving averages, suggesting a lack of sustained upward momentum.Broader market context shows that while the Sensex has gained 1.03% over the past week, Paras Petrofils has only increased by 2.08%, indicating a weaker performance relative to the benchmark. Over the past month, the benchmark has outperformed the stock with a gain of 1.17%, further highlighting the stock's struggles. The overall market sentiment appears to favor broader indices, which may be contributing to the downward pressure on Paras Petrofils' stock price.
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