Why is Paras Petrofils falling/rising?
As of 18-Sep, Paras Petrofils Ltd is priced at 2.52, down 1.18% today, and has underperformed its sector. Despite recent short-term gains, the stock has declined 20.25% year-to-date, significantly lagging behind the Sensex, which has gained 6.24% in the same period.
As of 18-Sep, Paras Petrofils Ltd is currently priced at 2.52, reflecting a decrease of 0.03, or 1.18%. The stock has underperformed its sector today by 0.42%. In terms of recent performance, the stock has shown a 2.86% increase over the past week and a 5.00% increase over the past month. However, it has significantly underperformed on a year-to-date basis with a decline of 20.25% and a substantial drop of 34.20% over the past year. Additionally, the stock's delivery volume has fallen by 36.69% compared to the five-day average, indicating a decrease in investor participation. There are no positive or negative factors available to further explain the stock's recent movement.In the broader market context, the Sensex has increased by 1.80% over the past week and 2.14% over the past month, which highlights that while Paras Petrofils has shown some short-term gains, it has lagged behind the benchmark index. The year-to-date performance of the stock is notably poor compared to the Sensex, which has gained 6.24% during the same period. This disparity suggests that broader market conditions are favorable, yet Paras Petrofils is struggling to capitalize on this momentum, contributing to its recent price decline.
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