Why is Pruden. Sugar falling/rising?
As of 15-Sep, Prudential Sugar Corporation Ltd is priced at 36.20, with a slight increase of 0.08%. Despite recent gains, the stock has underperformed its sector and benchmark significantly year-to-date, with a decline of 46.73%.
As of 15-Sep, Prudential Sugar Corporation Ltd is currently priced at 36.20, reflecting a slight increase of 0.03 or 0.08%. The stock has been gaining over the last two days, with a total return of 1.69% during this period. However, it has underperformed its sector by 0.35% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The stock has experienced significant declines over the past week and month, with returns of -5.85% and -5.33%, respectively. Notably, there has been a substantial increase in investor participation, with delivery volume rising by 486.96% against the 5-day average, indicating heightened interest despite the overall negative performance.Broader market context shows that while Prudential Sugar has struggled, the Sensex has performed positively, gaining 1.24% over the past week and 1.47% over the past month. Year-to-date, Prudential Sugar has significantly underperformed the benchmark, with a decline of 46.73% compared to the Sensex's increase of 4.67%. This stark contrast highlights the challenges faced by Prudential Sugar in the current market environment, despite some recent positive movements in its stock price.
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