Why is Popular Vehicles falling/rising?
As of 10-Nov, Popular Vehicles & Services Ltd's stock price is Rs 145.20, down 1.56%, and has declined 6.38% over the last three days. The stock is underperforming compared to the Sensex, which has gained 1.25% over the past month, while Popular Vehicles has decreased by 0.17%.
As of 10-Nov, Popular Vehicles & Services Ltd is experiencing a decline in its stock price, currently at Rs 145.20, which reflects a decrease of Rs 2.3 or 1.56%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 6.38% during this period. Additionally, the stock's performance over the past week shows a decrease of 5.28%, while its year-to-date return is down by 6.32%. The stock has also seen a significant drop in investor participation, with delivery volume falling by 39.57% compared to the five-day average, indicating reduced interest from investors. Unfortunately, there is no information available regarding positive or negative factors that could further explain the stock's recent movement.Broader Market Context: In comparison to the benchmark index, the Sensex, which has gained 1.25% over the past month, Popular Vehicles has shown a slight decline of 0.17% in the same timeframe. This underperformance is more pronounced when looking at the year-to-date returns, where the stock has decreased by 6.32% while the Sensex has risen by 6.91%. The overall market context suggests that while the broader market is experiencing growth, Popular Vehicles is struggling to keep pace, contributing to its recent price decline.
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