Why is Chordia Food falling/rising?
As of 18-Sep, Chordia Food Products Ltd is currently priced at Rs 84.00, reflecting a short-term gain of 4.87%, but it has a year-to-date return of -2.33% and weak long-term fundamentals, indicating ongoing struggles despite recent performance. The stock is also lagging behind the broader market and has seen a significant drop in trading volume.
As of 18-Sep, Chordia Food Products Ltd is experiencing a price increase, currently at Rs 84.00, which reflects a rise of 3.9 or 4.87%. The stock has shown a positive performance today, outperforming its sector by 4.48% and has gained 5% over the last two days. However, despite this short-term gain, the stock has a year-to-date return of -2.33% and a one-year return of -1.57%, indicating a longer-term struggle. The company has also demonstrated weak long-term fundamental strength, with a -6.74% CAGR growth in operating profits over the last five years and a low return on equity of 2.18%, suggesting low profitability per unit of shareholders' funds.In the broader market context, the stock's performance over the past week has been flat at +0.00%, while the benchmark Sensex has increased by 1.80%. This indicates that while Chordia Food has seen a short-term rise, it is lagging behind the broader market in terms of overall performance. The stock's trading activity has been erratic, with a significant drop in delivery volume, which fell by 77.26% against the five-day average. Additionally, the stock is trading at a discount compared to its peers' average historical valuations, which may contribute to investor caution despite the recent price increase.
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