Why is Peria Kara. Tea falling/rising?
As of 06-Aug, Peria Karamalai Tea & Produce Company Ltd's stock price is Rs 597.95, down 1.65%, and has declined 23.06% over the past month. The stock is trading below all key moving averages and has shown erratic trading behavior, indicating a bearish trend and negative investor sentiment.
As of 06-Aug, Peria Karamalai Tea & Produce Company Ltd is experiencing a decline in its stock price, currently at Rs 597.95, which reflects a decrease of Rs 10.05 or 1.65%. The stock has been losing value for the last two days, with a total drop of 2.5% during this period. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the stock has not traded on 2 out of the last 20 days, suggesting erratic trading behavior. Over the past month, the stock has seen a significant decline of 23.06%, while it has performed positively over the past year with a return of 42.71%.In the broader market context, the BSE Small Cap index has fallen by 1.14%, indicating a general downturn in the small-cap segment. Compared to the benchmark Sensex, Peria Karamalai's stock has underperformed in the short term, with a 1-week return of -1.66% against the Sensex's -1.13%. This underperformance, coupled with the stock's recent price movements and trading patterns, suggests that investor sentiment may be negatively impacted, contributing to the stock's decline.
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