Why is Party Cruisers falling/rising?
As of 18-Sep, Party Cruisers Ltd is priced at 74.95, reflecting a slight increase but significantly underperforming year-to-date with a decline of 43.20%. The stock has seen reduced investor participation and is lagging behind the Sensex, which has gained 7.52% this year.
As of 18-Sep, Party Cruisers Ltd is currently priced at 74.95, reflecting an increase of 0.45 or 0.6%. The stock has outperformed its sector today by 2.84%, although it is trading higher than its 5-day moving averages but lower than its 20-day, 50-day, 100-day, and 200-day moving averages. Notably, there has been a significant decline in investor participation, with delivery volume on 17 Sep dropping by 82.14% compared to the 5-day average. Additionally, the stock has experienced a substantial decline year-to-date, down 43.20%, and over the past three years, it has fallen by 77.56%. Unfortunately, there is no information available regarding positive or negative factors that could further explain the stock's recent movement.In the broader market context, Party Cruisers Ltd's short-term performance over the past week shows a gain of 1.01%, which is lower than the Sensex's increase of 1.67% during the same period. This indicates that while the stock has seen a slight rise recently, it is still lagging behind the benchmark index. The year-to-date performance highlights a stark contrast, with the stock down significantly while the Sensex has gained 7.52%, suggesting that broader market conditions have been more favorable compared to the company's stock performance.
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