Why is Plastiblends (I) falling/rising?
As of 22-Sep, Plastiblends India Ltd's stock price is 192.35, down 0.95%, and has underperformed its sector and the broader market significantly, with a year-to-date decline of 20.68%. The stock is trading below all moving averages and has seen a substantial drop in investor participation.
As of 22-Sep, Plastiblends India Ltd is experiencing a decline in its stock price, currently at 192.35, which reflects a decrease of 1.85 or 0.95%. The stock has underperformed its sector by 0.25% today and is trading below its moving averages across all time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 56.86% compared to the 5-day average. Over the past year, the stock has seen a substantial decline of 38.25%, while year-to-date, it has dropped by 20.68%. Unfortunately, there is no information available regarding positive or negative factors that could provide further context for this movement.Broader market context shows that while Plastiblends India Ltd has declined by 1.54% over the past week, the benchmark Sensex has increased by 0.46% during the same period. In the longer term, the stock's performance has been notably poor, with a year-to-date decline of 20.68% compared to the Sensex's gain of 5.15%. This underperformance indicates that the stock is not only struggling in the short term but also lagging significantly behind the broader market trends, contributing to the downward pressure on its price.
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