Why is PMC Fincorp falling/rising?
As of 21-Aug, PMC Fincorp Ltd's stock price is 2.14, with a recent increase of 0.94%. Despite short-term gains, the stock has declined 38.68% year-to-date, underperforming compared to the broader market.
As of 21-Aug, PMC Fincorp Ltd's stock price is currently at 2.14, reflecting an increase of 0.02 or 0.94%. The stock has shown a positive performance today, outperforming its sector by 0.93%, and has been gaining for the last two days with a total return of 1.42% in that period. However, over the past month, the stock has declined by 1.83%, and year-to-date, it has fallen significantly by 38.68%. The stock's delivery volume has increased by 44.09% compared to the 5-day average, indicating rising investor participation, while its current price is higher than the 5-day moving averages but lower than the longer-term moving averages. There is no information available regarding positive or negative factors that could further explain the stock's recent movement.In the broader market context, the stock's short-term return of 1.42% over the past week is slightly below the benchmark Sensex, which has risen by 1.74% during the same period. Year-to-date, PMC Fincorp's significant decline of 38.68% starkly contrasts with the Sensex's positive return of 4.94%, highlighting the stock's underperformance relative to the broader market. This disparity suggests that while there may be some short-term gains, the overall trend for PMC Fincorp remains negative compared to the market's performance.
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