Why is Poojawes. Metal. falling/rising?
As of 07-Aug, Poojawestern Metaliks Ltd's stock price is declining at 26.85, down 1.07%, and has significantly underperformed its sector and the benchmark index. The stock has dropped 37.16% over the past year and shows weak investor participation, indicating a negative market sentiment.
As of 07-Aug, Poojawestern Metaliks Ltd is experiencing a decline in its stock price, currently at 26.85, which reflects a decrease of 0.29 or 1.07%. The stock has underperformed its sector by 1.97% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 35.39% compared to the 5-day average. Over the past year, the stock has seen a substantial decline of 37.16%, while its year-to-date performance shows a decrease of 23.02%. Unfortunately, there is no specific information available regarding positive or negative factors impacting the stock.In the broader market context, Poojawestern Metaliks Ltd's short-term performance has been notably weaker than the benchmark, with a 1-week return of -2.72% compared to the Sensex's decline of only 0.69%. This underperformance is further highlighted by the stock's year-to-date return of -23.02%, contrasting sharply with the Sensex's positive return of 3.18%. The overall market sentiment appears to be more favorable towards the benchmark, which may be contributing to the stock's downward trajectory.
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