Why is Pasari Spinning falling/rising?
As of 23-Jun, Pasari Spinning Mills Ltd's stock price is declining at 7.89, down 6.29% and underperforming its sector. The stock has lost value over the past two days and is trading below all key moving averages, indicating a bearish trend and reduced investor participation.
As of 23-Jun, Pasari Spinning Mills Ltd is experiencing a decline in its stock price, currently at 7.89, which reflects a decrease of 0.53 or 6.29%. The stock has underperformed its sector by 6.82% today and has been on a downward trend, losing value for the last two days with a total drop of 7.61%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The delivery volume has also decreased by 17.41% compared to the 5-day average, suggesting falling investor participation. There is no information available regarding positive or negative factors impacting the stock.In the broader market context, Pasari Spinning's performance over the past week shows a decline of 3.78%, while the benchmark Sensex has increased by 0.12%. Over the past month, the stock has decreased by 5.51%, contrasting with a slight gain of 0.22% in the Sensex. Year-to-date, Pasari Spinning has seen a significant drop of 20.70%, while the benchmark has risen by 4.81%. This stark difference in performance highlights the stock's struggles relative to the broader market, contributing to its current downward trajectory.
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