Why is Petro Carbon falling/rising?
As of 15-Jul, Petro Carbon & Chemicals Ltd's stock price is at 180.65, reflecting a slight increase of 0.36%. However, it has declined 4.90% over the past week and 14.30% year-to-date, indicating weaker performance compared to the broader market.
As of 15-Jul, Petro Carbon & Chemicals Ltd is experiencing a slight increase in its stock price, currently at 180.65, reflecting a change of 0.65 or 0.36% upward. The stock's performance today is reported as inline with the sector; however, it is important to note that the stock has shown a decline of 4.90% over the past week and 14.30% year-to-date. Additionally, the stock is currently trading higher than its 100-day moving averages but lower than its 5-day, 20-day, 50-day, and 200-day moving averages. There has been a significant drop in investor participation, with delivery volume on 14 July falling by 65.3% compared to the 5-day average, indicating reduced interest. Unfortunately, there is no information available regarding positive or negative factors that could further clarify the stock's recent movement.In the broader market context, Petro Carbon's short-term performance has been notably weaker than the benchmark, with a 1-week decline of 4.90% compared to the Sensex's decline of only 1.28%. This underperformance is further highlighted by the stock's year-to-date decline of 14.30% against the Sensex's gain of 6.56%. The stark contrast in returns suggests that while the broader market has shown resilience, Petro Carbon has struggled significantly, which may contribute to the observed decrease in investor confidence and participation.
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