Why is Party Cruisers falling/rising?
As of 23-Sep, Party Cruisers Ltd is currently priced at 78.00, reflecting a recent increase but a significant year-to-date decline of 40.89%. Despite outperforming its sector in the short term, the stock has struggled with long-term performance, down 70.00% over three years.
As of 23-Sep, Party Cruisers Ltd is experiencing a price increase, currently at 78.00, reflecting a rise of 1.1 or 1.43%. Today's price summary indicates that the stock has outperformed its sector by 2.61%. However, despite this positive movement, the stock has shown a decline of 2.26% over the past month and a significant year-to-date drop of 40.89%. Additionally, the stock's delivery volume has decreased by 56.52% compared to the 5-day average, indicating falling investor participation. The stock is currently trading above its 5-day, 20-day, and 50-day moving averages, but below its 100-day and 200-day moving averages, suggesting mixed momentum.In the broader market context, Party Cruisers' short-term performance over the past week shows a gain of 4.00%, contrasting with the Sensex, which has declined by 0.28% during the same period. This indicates that the stock is performing relatively well compared to the benchmark in the short term. However, the longer-term returns are concerning, with the stock down 70.00% over three years, while the Sensex has gained 45.26%. This disparity highlights the challenges faced by Party Cruisers Ltd in maintaining investor confidence amidst a broader market that has shown resilience.
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