Why is Patron Exim falling/rising?
As of 13-Oct, Patron Exim Ltd's stock price is declining at 7.59, down 4.89% and has fallen for six consecutive days, totaling a 20.02% drop. Despite a modest 28.64% gain over the past month, the stock is underperforming significantly, with a year-to-date increase of only 1.20% and a 10.71% decline over the past year, alongside a drastic drop in investor participation.
As of 13-Oct, Patron Exim Ltd is experiencing a decline in its stock price, currently at 7.59, which represents a decrease of 0.39 or 4.89%. The stock has been underperforming significantly, having fallen for the last six consecutive days, resulting in a total decline of 20.02% during this period. Additionally, the stock's performance today has underperformed its sector by 4.08%. In terms of returns, over the past week, the stock has decreased by 19.60%, while it has shown a modest gain of 28.64% over the past month. However, its year-to-date performance is relatively flat at 1.20%, and it has declined by 10.71% over the past year. Notably, there is a significant drop in investor participation, with delivery volume falling by 97.93% against the 5-day average, indicating a lack of interest from investors.In the broader market context, while the Sensex has shown a slight increase of 0.66% over the past week, Patron Exim's substantial decline highlights a stark contrast in performance. The stock's recent movement suggests that it is not only struggling against the benchmark but also facing challenges in maintaining investor confidence. The liquidity of the stock remains adequate for trading, but the overall negative sentiment and consecutive losses indicate a troubling trend for Patron Exim Ltd in the current market environment.
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