Why is Piotex Indus. falling/rising?
As of 12-Sep, Piotex Industries Ltd is currently priced at Rs 65.89, reflecting a 4.92% increase. The stock has shown strong short-term performance, outperforming the Sensex over the past week and month, but has underperformed year-to-date.
As of 12-Sep, Piotex Industries Ltd is experiencing a price increase, currently at Rs 65.89, reflecting a rise of Rs 3.09 or 4.92%. Today's price summary indicates that the stock outperformed its sector by 5.5%, despite opening with a loss of 2.07%. It reached an intraday high of Rs 65.89 and a low of Rs 61.5, with a weighted average price showing more volume traded closer to the low price. Notably, Piotex Industries is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 133.33% against the 5-day average. There are no positive or negative dashboard factors available to further explain the stock's recent movement.In the broader market context, Piotex Industries has shown a strong short-term performance, with a 1-week return of 7.75%, significantly outperforming the Sensex, which only gained 1.48% in the same period. Over the past month, the stock has also outperformed the benchmark, with a return of 3.44% compared to the Sensex's 2.08%. However, it is important to note that year-to-date, Piotex Industries has underperformed, with a decline of 11.56% against the Sensex's increase of 4.82%. This contrast highlights the stock's recent recovery amidst a longer-term struggle.
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