Why is Pratiksha Chem. falling/rising?
As of 24-Sep, Pratiksha Chemicals Ltd is seeing a decline in its stock price to 19.36, down 0.41%, following three days of gains. The stock has underperformed year-to-date with a 19.33% decline, while experiencing a significant drop in delivery volume and a potential trend reversal.
As of 24-Sep, Pratiksha Chemicals Ltd is experiencing a decline in its stock price, currently at 19.36, which reflects a decrease of 0.08 or 0.41%. The stock has recently fallen after three consecutive days of gains, indicating a potential trend reversal. Additionally, the stock's performance today has outperformed its sector by 0.33%. However, the stock's delivery volume has significantly decreased by 49.99% compared to the 5-day average, suggesting a drop in investor participation. Over the past week, the stock has decreased by 0.36%, while its year-to-date performance shows a substantial decline of 19.33%.In the broader market context, the stock's short-term return has been more favorable than the benchmark Sensex, which has fallen by 1.18% over the same period. However, the stock has underperformed the benchmark over the longer term, with a year-to-date decline of 19.33% compared to the Sensex's increase of 4.58%. This underperformance is further highlighted by the stock's significant drop of 48.37% over the past three years, while the Sensex has gained 40.65%. Overall, the combination of falling investor participation and the recent trend reversal contributes to the stock's current downward movement.
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