Why is Praxis Home falling/rising?
As of 16-Sep, Praxis Home Retail Ltd's stock price is at 12.05, down 1.55%, with a significant decline of 10.81% over the past six days and a 45.01% drop over the past year. The stock is underperforming compared to the Sensex, which has gained 1.58% in the same period, indicating ongoing challenges in regaining investor confidence.
As of 16-Sep, Praxis Home Retail Ltd is experiencing a decline in its stock price, currently at 12.05, which represents a decrease of 0.19 or 1.55%. The stock has been underperforming significantly, having lost 10.81% over the last six days and trading below all key moving averages. Additionally, the stock has shown a substantial decline in investor participation, with delivery volume plummeting by 98.79% compared to the five-day average. Over the past year, the stock has decreased by 45.01%, while its year-to-date performance shows a drop of 34.17%, indicating a prolonged period of underperformance relative to the market.In the broader market context, the Sensex has shown a positive return of 1.58% over the past week, contrasting sharply with Praxis Home's decline of 8.99% during the same period. This disparity highlights the stock's significant underperformance relative to the benchmark. While the Sensex has gained 2.21% over the past month, Praxis Home has managed a positive return of 10.55%, suggesting some recovery potential in the short term, but the overall trend remains negative. The lack of positive factors in the provided data further emphasizes the challenges the company faces in regaining investor confidence and improving its market position.
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