PSP Projects Hits 52-Week Low, Underperforms Sector Amidst Downward Trend

Mar 20 2024 11:35 AM IST
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PSP Projects, a smallcap real estate company, has been underperforming the sector with a -0.83% difference in performance today. The stock has hit a 52-week low and is currently trading below its moving averages, indicating a downward trend. In comparison to the Sensex, PSP Projects has had a negative 1-year performance, suggesting it has not kept up with the market trend.

PSP Projects, a smallcap real estate company, has recently hit a 52-week low on March 20, 2024. The stock has been underperforming the sector, with a -0.83% difference in performance today. This is the second consecutive day that the stock has been losing, with a -1.71% return in this period.

Today, the stock touched an intraday low of Rs. 598, which is -2.15% lower than the previous day's closing price. PSP Projects is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a downward trend in its stock price.

In comparison to the Sensex, PSP Projects has had a negative 1-year performance of -8.95%, while the Sensex has shown a positive performance of 24.84%. This suggests that PSP Projects has not been able to keep up with the overall market trend.

It is important to note that this information is based on factual data and does not include any external opinions or recommendations. Investors should do their own research and analysis before making any investment decisions. As of now, MarketsMOJO has given a 'Sell' call for PSP Projects stock.
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