Why is Pentagon Rubber falling/rising?
As of 15-Sep, Pentagon Rubber Ltd's stock price is Rs 52.20, down 3.15%, and significantly underperforming against various moving averages. The stock has declined 41.02% year-to-date and is close to its 52-week low, reflecting broader challenges as it lags behind the benchmark Sensex, which has risen 1.20% recently.
As of 15-Sep, Pentagon Rubber Ltd is experiencing a decline in its stock price, currently at Rs 52.20, which represents a decrease of Rs 1.7 or 3.15%. The stock has underperformed significantly, trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, it is close to its 52-week low, being only 3.16% away from Rs 50.55. Over the past month, the stock has dropped by 9.22%, and year-to-date, it has seen a substantial decline of 41.02%. The delivery volume has also decreased sharply, with a 46.43% drop compared to the 5-day average, indicating falling investor participation.In the broader market context, the stock's short-term performance contrasts sharply with the benchmark Sensex, which has risen by 1.20% over the past week. This underperformance is indicative of broader challenges faced by Pentagon Rubber, as it has not only lagged behind the benchmark but also experienced a significant decline over the past year, with a drop of 55.46% compared to a slight decrease of 1.13% in the Sensex. The lack of available positive factors further emphasizes the difficulties the company is facing in the current market environment.
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