Why is Prostarm Info falling/rising?
As of 19-Sep, Prostarm Info Systems Ltd's stock price is Rs 207.90, down 6.48% after three consecutive days of decline. Despite a positive monthly return of 7.33%, recent volatility and decreased trading volume indicate a struggle for the stock amidst falling investor interest.
As of 19-Sep, Prostarm Info Systems Ltd is experiencing a decline in its stock price, currently at Rs 207.90, which reflects a decrease of Rs 14.4 or 6.48%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 9.59% during this period. Although the stock opened with a gain of 2.32% today and reached an intraday high of Rs 234.55, it also hit a low of Rs 201.5, indicating significant volatility with an intraday fluctuation of 7.98%. Additionally, the stock's trading volume has decreased significantly, with a 48.03% drop in delivery volume compared to the five-day average, suggesting a decline in investor participation.In the broader market context, the stock's performance over the past week shows a decline of 4.94%, while the Sensex has increased by 0.88%, highlighting a notable underperformance relative to the benchmark. Over the past month, however, Prostarm Info has shown a positive return of 7.33%, outperforming the Sensex's 1.20% increase. Despite this, the recent trend indicates a struggle for the stock amidst high volatility and falling investor interest, which may be contributing to its current downward trajectory.
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