Why is Parshwanath Corp falling/rising?
As of 08-Jul, Parshwanath Corporation Ltd's stock price is declining at Rs 85.60, down 4.99%, and has lost 36.02% over the past eight days. The stock is trading below key moving averages with significantly reduced investor participation, indicating a negative sentiment and bearish trend.
As of 08-Jul, Parshwanath Corporation Ltd is experiencing a decline in its stock price, currently at Rs 85.60, which represents a decrease of 4.5 or 4.99%. The stock has been underperforming significantly, having lost 36.02% over the last eight days, and it opened today with a loss of 4.99%. It is trading below all key moving averages, indicating a bearish trend. Additionally, investor participation has decreased sharply, with delivery volume dropping by 80.36% compared to the five-day average. There are no positive or negative factors available to provide further context on the stock's recent movement.In the broader market context, Parshwanath Corporation's short-term performance has been notably poor, with a 1-week return of -22.50%, contrasting sharply with the Sensex, which has remained relatively stable with a gain of 0.02%. Over the past month, the stock has also underperformed the benchmark, showing a decline of 26.18% compared to the Sensex's increase of 1.85%. This significant underperformance relative to the broader market suggests that investor sentiment towards Parshwanath Corporation is currently negative, contributing to the ongoing decline in its stock price.
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