Why is Parshwanath Corp falling/rising?
As of 26-Aug, Parshwanath Corporation Ltd's stock price is Rs 92.78, down 2.0%, with significant declines in trading activity and investor participation. The stock has underperformed over the past year, contrasting sharply with the broader market's performance.
As of 26-Aug, Parshwanath Corporation Ltd is experiencing a decline in its stock price, currently at Rs 92.78, which represents a decrease of Rs 1.89 or 2.0%. The stock opened with a loss of 2% today and has since remained flat at this price, indicating a lack of trading range. Additionally, the stock has shown erratic trading patterns, not trading on 3 out of the last 20 days, and there has been a significant drop in investor participation, with delivery volume falling by 91.35% against the 5-day average. Over the past year, the stock has underperformed with a decline of 25.18%, while it has shown a modest increase of 9.15% over the past month. However, it remains higher than the 20-day moving averages, suggesting some short-term resilience despite the overall downward trend.In the broader market context, the Sensex has declined by only 1.05% over the past week, indicating that Parshwanath Corporation's recent performance is worse than the benchmark. Year-to-date, the stock has fallen by 25.14%, contrasting sharply with the Sensex's gain of 3.39%. This underperformance highlights the stock's struggles relative to the overall market, which may be contributing to the negative sentiment among investors. The lack of positive factors reported further exacerbates the stock's challenges, reinforcing the downward pressure on its price.
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