Why is Prag Bosimi Syn. falling/rising?
As of 18-Sep, Prag Bosimi Synthetics Ltd's stock price is 1.98, down 2.94%, and has underperformed its sector and the benchmark index significantly. Despite increased investor participation, the stock remains below key moving averages and has shown a year-to-date decline of 33.11%.
As of 18-Sep, Prag Bosimi Synthetics Ltd is experiencing a decline in its stock price, currently at 1.98, which represents a decrease of 0.06 or 2.94%. The stock has underperformed its sector by 3.14% today and has fallen after two consecutive days of gains. It is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Additionally, the stock has shown significant underperformance over various periods, with a year-to-date decline of 33.11% compared to a 6.24% increase in the benchmark index. While there has been a notable rise in investor participation, with delivery volume increasing by 128.43% against the 5-day average, the absence of any positive factors in the dashboard suggests that the stock's recent movement is primarily negative.Broader Market Context: In the short term, Prag Bosimi Synthetics Ltd has underperformed the benchmark Sensex, which has gained 1.80% over the past week while the stock has dropped by 3.88%. This trend of underperformance is consistent with the stock's longer-term returns, where it has significantly lagged behind the benchmark over the past month, year, and three years. The broader market appears to be more favorable, as indicated by the positive returns of the Sensex, contrasting sharply with the substantial losses experienced by Prag Bosimi Synthetics Ltd.
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