Why is Promact Impex falling/rising?
As of 16-Sep, Promact Impex Ltd's stock price is at 11.79, up 3.06% today after three days of decline, but it has seen a significant drop in investor participation. Despite a strong performance over the last three years, the stock is down 11.02% year-to-date and 24.42% over the past year, indicating a challenging long-term outlook.
As of 16-Sep, Promact Impex Ltd's stock price is currently at 11.79, reflecting an increase of 0.35 or 3.06%. The stock has shown a positive trend today, gaining after three consecutive days of decline. It has outperformed its sector by 1.93%, and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, there is a notable decline in investor participation, with delivery volume on 15 September falling by 78.82% compared to the 5-day average. Over the past week, the stock has increased by 6.99%, while its performance over the last month shows a significant rise of 38.71%. Year-to-date, however, the stock is down 11.02%, and over the past year, it has decreased by 24.42%.In the broader market context, the Sensex has increased by 1.58% over the past week and 2.21% over the past month, indicating that while Promact Impex has outperformed the benchmark in the short term, it has still underperformed year-to-date and over the past year compared to the index. The stock's strong performance over the last three years, with a return of 217.79%, contrasts sharply with its recent struggles, suggesting that while there may be short-term gains, the long-term outlook remains challenging.
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