Veritas (India) Ltd Sees Strong Buying Activity Amid Potential Trend Reversal
Veritas (India) Ltd is experiencing strong buying activity, outperforming the broader market today. Despite a year-to-date decline, the stock has shown impressive growth over three and five years. Today's trading session opened positively, although it remains below key moving averages, indicating ongoing long-term challenges.
Veritas (India) Ltd is currently witnessing strong buying activity, marking a notable performance against the broader market. Today, the stock has increased by 1.99%, significantly outperforming the Sensex, which has only seen a marginal rise of 0.07%. This uptick comes after two consecutive days of decline, indicating a potential trend reversal.In terms of longer-term performance, Veritas (India) has faced challenges, with a year-to-date decline of 55.46%, while the Sensex has gained 3.59% during the same period. However, over a three-year horizon, Veritas has shown impressive growth of 196.89%, compared to the Sensex's 40.61%. The five-year performance is even more striking, with a staggering increase of 1025.66% against the Sensex's 112.62%.
Today's trading session opened with a gap up, and the stock reached an intraday high, reflecting the strong buying sentiment. Despite this positive movement, Veritas (India) is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting that while today's performance is encouraging, the stock has been under pressure in the longer term. Factors contributing to the buying pressure may include market sentiment shifts or sector-specific developments within the trading and distribution industry.
{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)
{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
Our weekly and monthly stock recommendations are here
Loading...
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Target Price
{{sm.target_price }}
({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
₹{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News
Most Read
