Why is Candour Techtex falling/rising?
As of 01-Aug, Candour Techtex Ltd's stock price is at 93.49, down 0.38%. Despite strong long-term growth, recent declines are due to reduced investor participation and short-term volatility, leading to underperformance compared to the benchmark.
As of 01-Aug, Candour Techtex Ltd's stock price is currently at 93.49, reflecting a decrease of 0.36, or 0.38%. The stock has been experiencing a downward trend, having fallen for the last two days with a total decline of 0.53% during this period. Despite a strong long-term growth rate in net sales of 72.63% and impressive annual returns of 121.38% over the past year, the stock's recent performance has been affected by a significant drop in investor participation, with delivery volume falling by 56.85% compared to the five-day average. Additionally, while the stock's price is above its longer-term moving averages, it is currently below the five-day moving average, indicating a potential short-term weakness.In the broader market context, the stock's short-term performance has lagged behind the benchmark, with a one-week return of -1.48% compared to the Sensex's decline of only -1.06%. This underperformance in the short term contrasts sharply with the stock's strong one-month return of +11.36%, which outperforms the benchmark's -3.70%. Overall, while Candour Techtex has demonstrated strong long-term growth and market-beating performance, the recent decline in price can be attributed to short-term volatility and reduced investor interest, which may be causing concern among investors.
{{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
