Why is Paras Petrofils falling/rising?
As of 22-Sep, Paras Petrofils Ltd's stock price is at 2.47, down 3.14%, with significant declines in delivery volume and year-to-date performance of -21.84%. The stock has underperformed compared to the Sensex, which has increased, indicating challenges in attracting investor interest.
As of 22-Sep, Paras Petrofils Ltd's stock price is currently at 2.47, reflecting a decrease of 0.08, or 3.14%. The stock has underperformed its sector by 2.9% today, and its delivery volume has significantly dropped by 61.17% compared to the 5-day average, indicating falling investor participation. Over the past week, the stock has declined by 1.98%, and year-to-date, it has seen a substantial drop of 21.84%. Additionally, while the stock is currently higher than its 20-day moving average, it remains below the 5-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. There is no information available regarding positive or negative factors impacting the stock.Broader market context shows that the Sensex has increased by 0.46% over the past week, contrasting with Paras Petrofils' decline. In the last month, while the Sensex has gained 1.05%, Paras Petrofils has remained flat, indicating a lack of momentum compared to the broader market. The stock's year-over-year performance is particularly concerning, with a decline of 33.06%, while the Sensex has only decreased by 2.82%. This underperformance relative to the benchmark highlights the challenges facing Paras Petrofils in attracting investor interest amidst a generally positive market environment.
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