Why is Prospect Consum. falling/rising?
As of 23-Jul, Prospect Consumer Products Ltd's stock price is 65.00, down 1.34%, with significant declines of 34.84% year-to-date and 55.95% over the past year, indicating weak investor participation and underperformance compared to the market. Despite a short-term gain of 1.66% over the past week, the stock has struggled to maintain confidence amidst a generally positive market.
As of 23-Jul, Prospect Consumer Products Ltd is experiencing a decline in its stock price, currently at 65.00, reflecting a decrease of 0.88 or 1.34%. The stock has underperformed its sector by 0.84% today, and it has shown erratic trading patterns, not trading on 3 out of the last 20 days. Additionally, the stock's delivery volume has decreased by 19.35% compared to the 5-day average, indicating falling investor participation. Over the past month, the stock has decreased by 6.27%, and it has seen a significant year-to-date decline of 34.84%, with a staggering 55.95% drop over the past year. Unfortunately, there is no information available regarding positive or negative factors that could influence the stock's recent movement.In the broader market context, the stock's short-term performance over the past week shows a gain of 1.66%, which is significantly better than the Sensex's increase of only 0.11%. However, the longer-term performance is concerning, as the stock has underperformed the benchmark over the past month, year-to-date, and year-over-year, with the Sensex gaining 1.01%, 5.87%, and 2.86% respectively during those periods. This stark contrast highlights the challenges faced by Prospect Consumer Products Ltd in maintaining investor confidence and market traction amidst a generally positive market environment.
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