Why is Patron Exim falling/rising?
As of 15-Oct, Patron Exim Ltd's stock price is declining at 6.86, down 4.99%, and has fallen 27.71% over the last eight days. The stock has significantly underperformed its sector and the broader market, with a year-to-date decline of 8.53%.
As of 15-Oct, Patron Exim Ltd is experiencing a decline in its stock price, currently at 6.86, which reflects a decrease of 0.36 or 4.99%. The stock has been underperforming significantly, having fallen consecutively for the last eight days, resulting in a total decline of 27.71% during this period. Additionally, the stock has underperformed its sector by 5.56% today. In terms of returns, the stock has seen a substantial drop of 22.40% over the past week and a year-to-date decline of 8.53%, contrasting with the Sensex, which has gained 1.02% and 5.72% respectively. Notably, the delivery volume has plummeted by 96.58% compared to the five-day average, indicating a significant drop in investor participation.Broader Market Context: The broader market, as represented by the Sensex, has shown resilience with positive returns over both the past week and month, while Patron Exim's performance has been markedly negative in the same timeframe. This stark contrast highlights the stock's struggles relative to the market, which may be contributing to investor sentiment and further driving down the stock price. The stock's moving averages indicate it is currently lower than the 5-day, 20-day, 50-day, and 200-day averages, suggesting a bearish trend that aligns with the overall negative performance metrics observed.
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