Why is Prospect Consum. falling/rising?
As of 24-Jun, Prospect Consumer Products Ltd's stock price is declining at 67.97, down 1.99%, and has underperformed its sector by 2.43%. The stock has decreased 31.86% year-to-date and is trading below all key moving averages, indicating a bearish trend and declining investor participation.
As of 24-Jun, Prospect Consumer Products Ltd is experiencing a decline in its stock price, currently at 67.97, which represents a decrease of 1.38 or 1.99%. The stock has underperformed its sector by 2.43% today, and it has not shown any price range as it opened and traded at the same price throughout the day. Over the past week, the stock has decreased by 5.86%, and year-to-date, it has fallen significantly by 31.86%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. There has also been a notable decline in investor participation, with delivery volume dropping by 70.59% against the 5-day average, contributing to the stock's downward movement. Unfortunately, there are no positive or negative factors available to provide further context.In the broader market context, the Sensex has shown a positive return of 0.58% over the past week, contrasting sharply with Prospect Consumer Products Ltd's decline. While the benchmark has increased by 5.01% year-to-date, the company's stock has significantly lagged, with a year-to-date drop of 31.86%. This stark difference in performance highlights the challenges faced by the company relative to the overall market, suggesting that investor sentiment may be negatively impacted by the company's recent performance and lack of trading activity.
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