Why is Plastiblends (I) falling/rising?
As of 17-Sep, Plastiblends India Ltd's stock price is Rs 195.75, up 2.22% after a trend reversal, but it remains down 19.28% year-to-date and has underperformed the Sensex over the past year. Despite a recent gain, its longer-term performance lags behind broader market trends.
As of 17-Sep, Plastiblends India Ltd is experiencing a price increase, currently at Rs 195.75, reflecting a rise of Rs 4.25 or 2.22%. The stock has shown a trend reversal, gaining after two consecutive days of decline. It opened with a significant gain of 4.18% today and reached an intraday high of Rs 199.5. Additionally, the stock has outperformed its sector by 2.83%. Despite this positive movement, the stock's year-to-date performance remains negative at -19.28%, and it has underperformed the benchmark Sensex over various periods, including a -39.14% decline over the past year. There is no information available regarding positive or negative factors that could further explain the stock's recent movement.Broader Market Context: In the short term, Plastiblends has returned +0.90% over the past week, which is lower than the Sensex's return of +1.56% during the same period. Over the last month, the stock has gained +4.62%, while the Sensex has increased by +2.60%. This indicates that while the stock is currently rising, it has not kept pace with the broader market trends in the longer term, particularly when considering its year-to-date and one-year performances compared to the benchmark.
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