Why is Power & Instrum. falling/rising?
As of 19-Nov, Power & Instrumentation (Gujarat) Ltd's stock price is Rs 148.95, down 3.84%, and has underperformed its sector significantly, with a year-to-date decline of 55.05%. The stock's trading volume has decreased, indicating reduced investor interest, while the broader market shows positive returns.
As of 19-Nov, Power & Instrumentation (Gujarat) Ltd is experiencing a decline in its stock price, currently at Rs 148.95, which reflects a decrease of Rs 5.95 or 3.84%. The stock has underperformed its sector by 6.13% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 8.31% during this period. Additionally, the stock's performance over the past month shows a significant decline of 13.70%, while year-to-date returns are down by 55.05%. The stock's trading volume has also decreased, with delivery volume falling by 47.64% against the 5-day average, indicating reduced investor participation. 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, the Sensex has shown a positive return of 0.85% over the past week, while Power & Instrumentation's stock has only gained 0.71% during the same period. This underperformance is further highlighted by the stark contrast in year-to-date returns, where the Sensex has increased by 9.02%, while the stock has plummeted by 55.05%. The engineering sector, in which the company operates, has gained 2.35%, suggesting that the broader market is performing well, yet Power & Instrumentation is struggling to keep pace, contributing to its declining stock price.
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