Why is Plastiblends (I) falling/rising?
As of 23-Sep, Plastiblends India Ltd is priced at 191.85, down 0.34%, and has seen a total decline of 20.89% year-to-date and 38.61% over the past year. The stock is trading below all key moving averages and has underperformed compared to the Sensex, which may affect investor sentiment.
As of 23-Sep, Plastiblends India Ltd is currently priced at 191.85, reflecting a decrease of 0.65, or 0.34%. The stock has been experiencing a downward trend, having fallen consecutively for the last two days, resulting in a total decline of 1.21% during this period. Additionally, it is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Despite a slight outperformance against its sector by 0.91% today, the stock's year-to-date performance shows a significant decline of 20.89%, and it has dropped 38.61% over the past year. There is no information available regarding positive or negative factors that could influence the stock's recent movement.In the broader market context, Plastiblends' short-term return of 0.18% over the past week contrasts with the Sensex, which has declined by 0.34% during the same period. However, over the last month, while Plastiblends has gained 0.37%, the Sensex has outperformed with a return of 0.98%. The stock's year-to-date and one-year performance significantly lags behind the benchmark, which has increased by 5.07% and decreased by only 3.33%, respectively. This underperformance may contribute to investor sentiment and the stock's recent price decline.
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