Why is Patspin India falling/rising?
As of 06-Nov, Patspin India Ltd's stock price is declining at 9.02, down 6.24%, and has fallen 8.05% over the last three days. It is trading below all key moving averages, with a year-to-date drop of 30.08%, indicating significant underperformance compared to the benchmark Sensex.
As of 06-Nov, Patspin India Ltd is experiencing a decline in its stock price, currently at 9.02, which represents a decrease of 0.6 or 6.24%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total drop of 8.05% during this period. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The stock's performance over the past week shows a decline of 5.75%, while its year-to-date performance reflects a significant drop of 30.08%. There is also a notable decrease in investor participation, with delivery volume plummeting by 93.42% compared to the 5-day average, contributing to the stock's recent struggles.In the broader market context, Patspin India's short-term performance has been notably worse than the benchmark, as the Sensex has only declined by 1.30% over the same week. While the stock has shown a slight increase of 0.45% over the past month, its long-term performance remains concerning, with a year-to-date decline of 30.08% compared to the Sensex's gain of 6.62%. This stark contrast highlights the challenges faced by Patspin India in attracting investor interest and maintaining liquidity, which is currently deemed adequate for trading but reflects a lack of confidence in the stock's future performance.
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