Why is Pruden. Sugar falling/rising?
As of 25-Aug, Prudential Sugar Corporation Ltd's stock price is at 36.50, down 2.07%, and has significantly underperformed its sector and the benchmark Sensex. The stock has seen a substantial year-to-date decline of 46.28% and a 4.65% drop over the past week, with reduced investor participation.
As of 25-Aug, Prudential Sugar Corporation Ltd's stock price is currently at 36.50, reflecting a decrease of 0.77, or 2.07%. The stock has underperformed its sector by 2.51% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the stock has seen a significant drop in investor participation, with delivery volume falling by 59.33% compared to the 5-day average. Over the past week, the stock has declined by 4.65%, and it has experienced a substantial year-to-date decline of 46.28%, despite a strong performance over the past year with a gain of 59.88%. There is no information available regarding positive or negative factors that could influence the stock's recent movement.In the broader market context, Prudential Sugar's short-term performance has been notably poor compared to the benchmark Sensex, which has increased by 0.45% over the past week. While the Sensex has shown a slight gain of 0.21% over the past month, Prudential Sugar's stock has dropped by 17.72% in the same period. This stark contrast highlights the stock's struggles relative to the overall market, contributing to its ongoing decline.
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