Why is PS IT Infra falling/rising?
As of 23-Sep, PS IT Infrastructure & Services Ltd's stock price is declining at 1.74, down 1.69%, with a total return of -7.94% over the last five days and a year-to-date decline of 46.30%. The stock is underperforming compared to the benchmark Sensex, which has only declined by 0.34% over the past week.
As of 23-Sep, PS IT Infrastructure & Services Ltd is experiencing a decline in its stock price, currently at 1.74, which represents a decrease of 0.03 or 1.69%. The stock has been on a downward trend, losing value for the last five consecutive days, with a total return of -7.94% during this period. Additionally, the stock's delivery volume has significantly decreased by 92.61% compared to the five-day average, indicating falling investor participation. While the stock is trading above its 20-day, 50-day, and 100-day moving averages, it remains below its 5-day and 200-day moving averages. Year-to-date, the stock has seen a substantial decline of 46.30%, and over the past year, it has fallen by 59.15%.In the broader market context, the stock's recent performance contrasts sharply with the benchmark Sensex, which has only declined by 0.34% over the past week. While the stock has shown a positive return of 20.83% over the past month, this is overshadowed by its significant year-to-date and yearly losses compared to the Sensex's gains of 5.07% and a decline of 3.33%, respectively. The stark difference in performance suggests that the stock is underperforming relative to the market, contributing to its recent price decline.
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