Why is Pasupati Spinng. falling/rising?
As of 19-Nov, Pasupati Spinning & Weaving Mills Ltd's stock price is Rs 33.60, down 6.67% and has fallen 11.49% over the last three days. The stock is underperforming against its sector and trading below all key moving averages, indicating a negative short-term trend despite some recent gains.
As of 19-Nov, Pasupati Spinning & Weaving Mills Ltd is experiencing a decline in its stock price, currently at Rs 33.60, which reflects a decrease of Rs 2.4 or 6.67%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total drop of 11.49% during this period. Today's trading saw the stock reach an intraday low of Rs 32.3, indicating significant downward pressure. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, and there has been a notable decrease in investor participation, with delivery volume plummeting by 94.39% compared to the 5-day average. Unfortunately, there is no information available regarding positive or negative factors impacting the stock.Broader market context shows that while Pasupati Spinning has underperformed its sector by 6.52% today, it has still managed to post a 1.30% gain over the past week, compared to a 0.85% increase in the Sensex. Over the past month, the stock has outperformed the benchmark with a return of 5.63% against the Sensex's 1.47%. However, year-to-date, the stock is down 3.45%, contrasting sharply with the Sensex's gain of 9.02%. This suggests that while there have been periods of relative strength, the overall trend for Pasupati Spinning is currently negative, particularly in the short term.
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