Why is Pasupati Spinng. falling/rising?
As of 27-Oct, Pasupati Spinning & Weaving Mills Ltd's stock price is Rs 34.00, down 6.59% after a volatile day. Despite a strong long-term performance, the stock has underperformed in the short term, with significant declines in both weekly and monthly metrics, contrasting with the broader market's positive trends.
As of 27-Oct, Pasupati Spinning & Weaving Mills Ltd's stock price is currently at Rs 34.00, reflecting a decrease of Rs 2.4 or 6.59%. The stock opened the day with a significant gain of 9.73%, reaching an intraday high of Rs 39.94, but subsequently fell to a low of Rs 34, indicating high volatility with an intraday fluctuation of 8.03%. The stock has underperformed its sector by 6.11% today, and its delivery volume has dropped significantly by 81.47% compared to the 5-day average, suggesting a decline in investor participation. Additionally, while the stock has shown strong performance over the long term with a 358.22% increase over the past five years, its short-term performance has been less favorable, with a 5.19% decline over the past week and a 0.90% decline over the past month.Broader Market Context: In contrast, the benchmark Sensex has seen a positive return of 0.49% over the past week and 5.41% over the past month, indicating that the broader market is performing well while Pasupati Spinning is struggling. The stock's performance relative to the benchmark highlights its recent underperformance, particularly in the short term, as it has not kept pace with the market's upward trend. The combination of high volatility, falling investor participation, and a significant drop in price today suggests that the stock is facing challenges that are not reflected in the broader market's positive momentum.
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