Why is PS IT Infra falling/rising?
As of 24-Oct, PS IT Infrastructure & Services Ltd is facing a decline in its stock price, currently at 1.38, with a total drop of 8.61% over the last six days and significant losses of 19.30% over the past month and 60.68% over the past year. The stock has underperformed compared to the Sensex, which has increased by 0.31% over the past week.
As of 24-Oct, PS IT Infrastructure & Services Ltd is experiencing a decline in its stock price, currently at 1.38, which reflects a decrease of 0.02 or 1.43%. The stock has been underperforming, having fallen consecutively for the last six days, resulting in a total decline of 8.61% during this period. Over the past week, the stock has decreased by 5.48%, and it has also shown significant losses over the past month and year, with declines of 19.30% and 60.68%, respectively. Although the stock's delivery volume has increased by 4.19% compared to the five-day average, it remains below the moving averages for shorter periods, indicating weak momentum. There is no information available regarding positive or negative factors that could influence the stock's recent movement.Broader market context indicates that while PS IT Infrastructure & Services Ltd has been declining, the benchmark index, Sensex, has shown a slight increase of 0.31% over the past week. This stark contrast highlights the stock's significant underperformance relative to the broader market, as it has not only lagged behind in the short term but also over longer periods, with a year-to-date decline of 57.41% compared to the Sensex's gain of 7.77%. The overall market conditions appear to favor other sectors, further exacerbating the challenges faced by PS IT Infrastructure & Services Ltd.
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