Why is Pattech Fitwell falling/rising?
As of 03-Sep, Pattech Fitwell Tube Components Ltd is priced at 113.75, with no change today. The stock has underperformed its sector and the broader market, declining 9.72% over the past week and 24.89% over the past month, despite a year-to-date increase of 7.31%.
As of 03-Sep, Pattech Fitwell Tube Components Ltd is currently priced at 113.75, showing no change (0.00%). The stock has underperformed its sector by 3.25% today, and while it is higher than the 100-day and 200-day moving averages, it is lower than the 5-day, 20-day, and 50-day moving averages. Over the past week, the stock has declined by 9.72%, and over the past month, it has dropped 24.89%. However, it has shown a year-to-date increase of 7.31% and a 1-year increase of 16.07%. Notably, there has been a significant rise in investor participation, with delivery volume on September 1 increasing by 100% compared to the 5-day average, indicating growing interest despite the stock's recent downturn. There are no positive or negative factors available to further explain the stock's movement.In the broader market context, the Sensex has remained relatively stable, with a slight increase of 0.01% over the past week and a 0.61% increase over the past month. Compared to the benchmark, Pattech Fitwell's short-term performance has been significantly weaker, as evidenced by its 9.72% decline over the past week against the Sensex's minimal gain. This underperformance suggests that while the overall market has been stable, Pattech Fitwell is facing specific challenges that are impacting its stock price negatively.
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