Why is Prag Bosimi Syn. falling/rising?
As of 07-Nov, Prag Bosimi Synthetics Ltd's stock price is 1.98, down 4.35%, and has significantly underperformed its sector and the broader market, with a year-to-date decline of 33.11% and a 34.87% drop over the past year. The stock is trading below all major moving averages and has seen a substantial decrease in investor participation.
As of 07-Nov, Prag Bosimi Synthetics Ltd is experiencing a decline in its stock price, currently at 1.98, which reflects a decrease of 0.09 or 4.35%. The stock has underperformed its sector by 5% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the stock has shown a significant drop in investor participation, with a delivery volume of 5.5k on 06 Nov, which is down by 65.05% compared to the 5-day average. Over the past week, the stock has decreased by 5.26%, and year-to-date, it has fallen by 33.11%, indicating a consistent downward trend without any available positive factors to counterbalance this performance.Broader market context shows that while Prag Bosimi Synthetics Ltd has been declining, the benchmark Sensex has only decreased by 0.86% over the past week and has gained 6.50% year-to-date. This stark contrast highlights the stock's underperformance relative to the broader market. The negative returns over various periods, including a 34.87% decline over the past year, further emphasize the challenges faced by the company compared to the overall market trends.
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