Why is PBM Polytex falling/rising?
As of 05-Aug, PBM Polytex Ltd's stock price is Rs 73.95, up 2.69% recently, but it has declined 20.01% year-to-date and 29.23% over the past year. Despite a short-term gain, the stock is underperforming in the broader market context.
As of 05-Aug, PBM Polytex Ltd's stock price is currently at Rs 73.95, reflecting an increase of Rs 1.94, or 2.69%. The stock has been gaining for the last two days, with a total return of 2.71% during this period. Despite this recent uptick, the stock has underperformed in the longer term, showing a year-to-date decline of 20.01% and a one-year drop of 29.23%. Additionally, the stock's delivery volume has significantly decreased, falling by 71.88% against the five-day average, indicating a decline in investor participation. There is no information available regarding positive or negative factors that could further explain the stock's recent movement.In the broader market context, PBM Polytex's performance over the past week shows a decline of 3.42%, while the benchmark Sensex has only decreased by 0.77%. This suggests that the stock is underperforming relative to the market. However, the stock's recent performance today has outperformed the sector by 3.12%, indicating some short-term strength despite the overall negative trend in the longer term. The stock's moving averages indicate that it is currently above the 100-day moving average but below the shorter-term averages, which may reflect mixed signals about its momentum in the market.
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