Why is Prospect Consum. falling/rising?
As of 22-Sep, Prospect Consumer Products Ltd's stock price is Rs 93.00, down 1.06%, and has underperformed its sector and the broader market. Despite a recent short-term gain, the stock has declined 2.09% over the past month and 6.77% year-to-date, with reduced investor participation indicated by a drop in delivery volume.
As of 22-Sep, Prospect Consumer Products Ltd is experiencing a decline in its stock price, currently at Rs 93.00, reflecting a decrease of Rs 1.0 or 1.06%. The stock has underperformed its sector by 0.86% today and has fallen after two consecutive days of gains. It opened with a loss of 2.34% and reached an intraday low of Rs 90, which is a drop of 4.26%. Additionally, the stock's performance over the past month shows a decline of 2.09%, while year-to-date it has decreased by 6.77%. The delivery volume has also fallen by 16.67% compared to the five-day average, indicating a decrease in investor participation. Unfortunately, there is no information available regarding positive or negative factors that could further explain the stock's recent movement.In the broader market context, the stock's short-term performance over the past week shows a gain of 2.65%, which is significantly higher than the Sensex's increase of 0.46% during the same period. However, over the past month, while the stock has declined, the Sensex has risen by 1.05%, indicating that the stock is not keeping pace with the overall market trend. Year-to-date, the stock's performance is notably worse than the Sensex, which has increased by 5.15%, further highlighting the challenges faced by Prospect Consumer Products Ltd in the current market environment.
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