Why is Poona Dal & Oil falling/rising?
As of 10-Nov, Poona Dal and Oil Industries Ltd's stock price is Rs 71.20, down 4.43%, reflecting a total decline of 9.13% over the last two days. The stock has significantly underperformed the sector and the benchmark Sensex, with a year-to-date return of -0.56%.
As of 10-Nov, Poona Dal and Oil Industries Ltd is experiencing a decline in its stock price, currently at Rs 71.20, which reflects a decrease of Rs 3.3 or 4.43%. The stock has been underperforming, having fallen consecutively for the last two days with a total decline of 9.13%. Despite opening with a gain of 5.97% today and reaching an intraday high of Rs 78.95, it also touched a low of Rs 70, indicating significant volatility with a wide trading range of Rs 8.95. The stock's performance over the past week shows a decline of 7.57%, and it has underperformed the sector by 1.72%. Additionally, the delivery volume has drastically decreased by 96.77% compared to the 5-day average, suggesting a drop in investor participation.In the broader market context, the stock's recent performance contrasts sharply with the benchmark Sensex, which has seen a slight decline of only 0.53% over the past week. While the Sensex has gained 1.25% over the past month, Poona Dal and Oil Industries Ltd has faced a loss of 7.87% in the same timeframe. This underperformance is further highlighted by the stock's year-to-date return of -0.56% compared to the Sensex's gain of 6.91%. The overall trading environment has also been challenging, with the sector experiencing a decline of 2.74%, contributing to the negative sentiment surrounding the stock.
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