Why is Prospect Consum. falling/rising?
As of 27-Oct, Prospect Consumer Products Ltd's stock price is Rs 87.50, down 4.89%, and has declined for two consecutive days. Despite recent underperformance, it remains above key moving averages, but year-to-date it has fallen 12.28%, underperforming compared to the Sensex's gain of 8.50%.
As of 27-Oct, Prospect Consumer Products Ltd is experiencing a decline in its stock price, currently at Rs 87.50, which reflects a decrease of Rs 4.5 or 4.89%. The stock has been underperforming, having fallen consecutively for the last two days with a total decline of 5.5%. Today, it opened with a loss of 3.26% and reached an intraday low of Rs 87.4. Despite this downturn, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating some underlying strength. However, 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 performance over the past week shows a gain of 4.17%, which is significantly higher than the Sensex's increase of 0.49%. However, over the past month, while the stock has gained 4.79%, it still lags behind the Sensex's 5.41% rise. Year-to-date, Prospect Consumer Products Ltd has seen a decline of 12.28%, contrasting sharply with the Sensex's gain of 8.50%. This suggests that while there may be short-term fluctuations, the stock is struggling to keep pace with the broader market trends.
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