Why is Prem. Synthetic falling/rising?
As of 06-Nov, Premier Synthetics Ltd's stock price is Rs 18.15, down 10.37%, with a significant decline over the past week and month, underperforming compared to the benchmark Sensex. The stock is trading below all major moving averages, indicating a bearish trend and decreased investor participation.
As of 06-Nov, Premier Synthetics Ltd is experiencing a decline in its stock price, currently at Rs 18.15, which represents a decrease of 2.1 or 10.37%. The stock has been underperforming, having lost 14.51% over the last three days and opened today with a significant loss of 8.54%. It has also touched an intraday low of Rs 18, reflecting a drop of 11.11%. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 35.45% compared to the 5-day average, contributing to the stock's downward movement.In the broader market context, the stock's performance over the past week shows a decline of 6.10%, while the benchmark Sensex has only decreased by 1.30%, highlighting a significant underperformance relative to the market. Over the past month, Premier Synthetics has dropped 19.69%, contrasting sharply with the Sensex's increase of 1.86%. This trend continues over longer periods, with the stock down 22.77% year-to-date compared to the Sensex's gain of 6.62%. The high volatility observed today, with an intraday volatility of 5.71%, further indicates instability in the stock's price, which is compounded by the lack of positive factors in the dashboard data.
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