Recent Price Movement and Market Performance
Paradeep Phosphates has experienced a significant pullback in recent sessions, with the stock losing 6.98% over the past two days. The decline on 09-Jan was marked by an opening gap down of 3.43%, and the stock touched an intraday low of ₹146.50, reflecting persistent selling pressure. This underperformance is further highlighted by the stock’s relative weakness compared to its sector, lagging by 1.68% on the day.
Over the past week, the stock has declined by 10.34%, substantially underperforming the Sensex’s modest 2.55% fall. Similarly, the one-month and year-to-date returns show the stock retreating by 4.64% and 10.28% respectively, while the benchmark indices have recorded smaller losses. This short-term weakness contras...
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