Why is Polylink Poly. falling/rising?
As of 24-Oct, Polylink Polymers (India) Ltd is currently priced at 24.37, reflecting a 2.65% increase and a recent total return of 7.88% over three days, outperforming its sector. Despite this short-term momentum, the stock has underperformed over longer periods compared to the benchmark Sensex.
As of 24-Oct, Polylink Polymers (India) Ltd is experiencing a price increase, currently at 24.37, which reflects a rise of 0.63 or 2.65%. The stock has been gaining momentum over the last three days, with a total return of 7.88% during this period. Additionally, it has outperformed its sector by 4.06%. The stock's delivery volume has significantly increased, rising by 204.45% against the 5-day average, indicating rising investor participation. While the stock is currently above its 5-day and 20-day moving averages, it remains below its longer-term moving averages, suggesting mixed signals regarding its overall trend. Unfortunately, there is no information available regarding positive or negative factors that could further explain the stock's recent movement.In the broader market context, Polylink's short-term performance of +6.89% over the past week significantly outpaces the benchmark Sensex, which has only increased by 0.31% during the same period. However, the stock has underperformed the benchmark over longer time frames, such as the past month and year, where it has seen declines of 3.49% and 31.74%, respectively, compared to the Sensex's gains. This contrast highlights a recent resurgence in the stock's performance, particularly in the short term, despite its overall underperformance relative to the market in the longer term.
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