Why is Pratham EPC falling/rising?
As of 22-Sep, Pratham EPC Projects Ltd is priced at Rs 139.30, down 0.64%, and is trading below its moving averages, indicating a bearish trend. The stock is near its 52-week low and has seen a significant year-to-date drop of 30.26%, despite increased investor interest reflected in rising delivery volumes.
As of 22-Sep, Pratham EPC Projects Ltd is currently priced at Rs 139.30, reflecting a decrease of Rs 0.9 or 0.64%. The stock has been trading lower than its moving averages across various time frames, indicating a bearish trend. Additionally, the stock is close to its 52-week low, being only 3.09% away from Rs 135. Over the past week, the stock has declined by 0.85%, and it has experienced a significant year-to-date drop of 30.26%. Despite this, there has been a rise in investor participation, with delivery volume increasing by 38.16% on September 19 compared to the 5-day average, suggesting some interest in the stock despite its overall decline.Broader market context shows that while Pratham EPC has been underperforming, with a 1-month return of -1.21% and a 1-year return of -44.36%, the benchmark Sensex has posted positive returns of 1.34% and -2.28% over the same periods, respectively. This indicates that the stock is not only struggling on its own but is also lagging behind the broader market trends. The liquidity of the stock remains adequate for trading, as it constitutes 2% of the 5-day average traded value, which may provide some support for its price movement in the near term.
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