Why is Centenial Surgic falling/rising?
As of 21-Jul, Centenial Surgical Suture Ltd's stock price is Rs 156.95, down 4.99% after consecutive declines. Despite strong long-term performance, recent drops in delivery volume and investor confidence have negatively impacted its current market standing.
As of 21-Jul, Centenial Surgical Suture Ltd's stock price is currently at Rs 156.95, reflecting a decline of Rs 8.25 or 4.99%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total drop of 5.45% during this period. Despite a strong performance over the past year with a return of 38.96%, the stock's profits have significantly decreased by 255.3%. Additionally, the stock is trading at a discount compared to its peers, but the recent erratic trading patterns and a drastic drop in delivery volume by 99.62% indicate a lack of investor confidence, contributing to the current price decline.In the broader market context, the stock's short-term performance has been slightly worse than the benchmark, with a 1-week return of -0.19% compared to the Sensex's -0.06%. However, over the longer term, Centenial has outperformed the benchmark significantly, with a 3-year return of 161.80% compared to the Sensex's 47.62%. This suggests that while the stock has shown strong historical performance, recent factors such as falling investor participation and consecutive price drops are impacting its current standing in the market.
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