Why is Prakash Woollen falling/rising?

Aug 07 2025 09:28 PM IST
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As of 07-Aug, Prakash Woollen & Synthetic Mills Ltd is currently priced at 27.40, showing a slight upward change but trading below all major moving averages, indicating a longer-term downward trend. Despite a recent short-term gain, the stock has significantly underperformed the benchmark and has a concerning year-to-date return of -27.51%.
As of 07-Aug, Prakash Woollen & Synthetic Mills Ltd is experiencing a price increase, currently at 27.40, reflecting a change of 0.23 or 0.85% upward. The stock has shown a trend reversal, gaining after two consecutive days of decline. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a longer-term downward trend. Additionally, there has been a significant drop in investor participation, with delivery volume on 06 August falling by 48.46% compared to the 5-day average. The stock's performance over the past week shows a slight outperformance against its sector by 2.2%, but its year-to-date return remains concerning at -27.51%.

In the broader market context, the stock's short-term performance over the past week has been positive at +0.29%, contrasting with the benchmark Sensex, which has declined by 0.69%. Despite this short-term outperformance, the stock has underperformed the benchmark over longer periods, such as a 1-month decline of -6.48% compared to the Sensex's -3.38%. The overall market sentiment appears to be more favorable towards the benchmark, as indicated by its positive year-to-date return of +3.18%, while Prakash Woollen continues to struggle with significant losses over the year and the past three years.
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