Why is Pasupati Acrylon Ltd falling/rising?

Strong Performance Against Benchmarks

Pasupati Acrylon Ltd has demonstrated notable resilience and growth compared to broader market indices. Over the past year, the stock has delivered a 21.9% gain, significantly outperforming the Sensex’s 8.2% rise during the same period. This outperformance extends over longer horizons as well, with the company’s shares appreciating by 63.4% over three years and an exceptional 310.6% over five years, dwarfing the Sensex’s respective gains of 39.2% and 77.3%. Such sustained growth highlights the company’s strong fundamentals and investor appeal within its sector.

Recent Weekly and Monthly Trends

In the short term, Pasupati Acrylon’s stock has gained 2.1% over the past week, contrasting with a 1.0% decline in the Sensex, signalling relative strength amid broader market weakness. However, the stock has experienced a 7.0% decline over the last month, which is steeper than the Sensex’s 1.2% fall. Despite this monthly setback, the stock’s overall trajectory remains positive, supported by its strong year-to-date performance of 23.8%, nearly triple the benchmark’s 8.4% gain.

Technical Indicators and Trading Activity

On 30-Dec, Pasupati Acrylon’s shares reached an intraday high of ₹55.47, marking a 3.2% increase on the day. The stock is trading above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling a strong upward momentum and positive technical outlook. This alignment of moving averages often attracts technical traders and institutional investors, reinforcing the bullish sentiment.

Investor participation has notably increased, with delivery volumes on 29-Dec rising by 30.3% to 68,130 shares compared to the five-day average. This surge in delivery volume indicates stronger conviction among buyers, as more investors are holding shares rather than engaging in intraday trading. Such rising investor interest often precedes sustained price appreciation.

Liquidity remains adequate for trading, with the stock’s average traded value supporting trade sizes of approximately ₹0.01 crore, ensuring that investors can enter and exit positions without significant price impact.

Contextualising the Stock’s Movement

Pasupati Acrylon’s recent price rise is supported by its strong relative performance against the Sensex and sector peers, as well as positive technical signals. The stock’s ability to outperform the benchmark indices over multiple time frames reflects underlying business strength and investor confidence. While the one-month decline suggests some short-term profit-taking or sector-specific pressures, the overall trend remains upward, bolstered by increased delivery volumes and sustained trading liquidity.

Investors looking at Pasupati Acrylon should note the stock’s consistent outperformance over the long term, which may be indicative of robust fundamentals and growth prospects within the petrochemicals sector. The current technical positioning above all major moving averages further supports a positive near-term outlook.

In summary, Pasupati Acrylon Ltd’s stock price rise on 30-Dec is primarily driven by strong year-to-date gains, outperformance relative to the Sensex, increased investor participation, and favourable technical indicators. These factors collectively underpin the stock’s upward momentum despite some recent short-term volatility.

Get 2 full years of MojoOne Premium for only Rs. 12,999. Subscribe for 1 year and we'll add another year FREE. Offer valid for a limited time. Start Saving Now →