Why is Prithvi Exchange falling/rising?
As of 23-Sep, Prithvi Exchange (India) Ltd's stock price is Rs 137.45, down 2.69% and has declined 10.63% over the last three days. Despite long-term gains, recent performance indicates significant short-term struggles and decreased investor participation.
As of 23-Sep, Prithvi Exchange (India) Ltd is experiencing a decline in its stock price, currently at Rs 137.45, which reflects a decrease of Rs 3.8 or 2.69%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 10.63% during this period. Additionally, the stock's performance today has underperformed the sector by 1.11%. The stock has also seen a significant drop in investor participation, with delivery volume decreasing by 18.91% compared to the five-day average. Over the past year, the stock has dramatically underperformed, with a year-to-date decline of 42.73% and a one-year decline of 70.71%.Broader Market Context: In comparison to the benchmark Sensex, which has shown a slight increase of 0.98% over the past month, Prithvi Exchange's stock has gained 5.89% in the same timeframe, indicating some short-term resilience. However, the stock's year-to-date performance starkly contrasts with the Sensex's positive return of 5.07%, highlighting its ongoing struggles. The stock's long-term performance remains strong with a 213.10% increase over three years and a remarkable 450.90% increase over five years, but the recent trends suggest a troubling short-term outlook amidst broader market stability.
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