Why is Parvati Sweetner falling/rising?
As of 22-Sep, Parvati Sweetners and Power Ltd's stock price is at 7.09, down 1.12% and has declined 6.59% over the last three days. The stock has significantly underperformed the market, with a year-to-date drop of 21.40%, while the benchmark Sensex has gained 5.15% in the same period.
As of 22-Sep, Parvati Sweetners and Power Ltd's stock price is currently at 7.09, reflecting a decrease of 0.08, or 1.12%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 6.59% during this period. Additionally, the stock has underperformed its sector by 0.57% today. Over the past week, it has decreased by 3.80%, and year-to-date, it has seen a significant drop of 21.40%. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. While there has been a notable increase in investor participation, with delivery volume rising by 670.4% against the 5-day average, there are no positive or negative factors explicitly mentioned that could influence the stock's recent movement.Broader market context shows that while Parvati Sweetners has been declining, the benchmark Sensex has gained 0.46% over the past week. This stark contrast highlights the stock's underperformance relative to the broader market, as it has not only lagged behind the benchmark in the short term but also over longer periods, including a year-to-date return of -21.40% compared to the Sensex's positive 5.15%. The overall market sentiment appears to favor other sectors, contributing to the stock's downward trajectory.
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