Why is Coastal Corporat falling/rising?
As of 10-Oct, Coastal Corporation Ltd's stock price is rising to Rs 38.00, up 3.57% over the last three days, with a notable short-term performance despite a year-to-date decline of 28.57%. The stock has outperformed its sector and the broader market, indicating growing investor interest.
As of 10-Oct, Coastal Corporation Ltd's stock price is rising, currently at Rs 38.00, reflecting an increase of Rs 1.31 or 3.57%. The stock has been gaining for the last three days, with a total return of 7.62% during this period. It opened today with a gain of 2.04% and reached an intraday high of Rs 38.28, which is a 4.33% increase. Additionally, the stock has outperformed its sector by 3%. Despite a year-to-date decline of 28.57%, the stock has shown a strong short-term performance with a 9.48% increase over the past week. The rising investor participation, indicated by a significant increase in delivery volume, suggests growing interest in the stock.In the broader market context, Coastal Corporation's recent performance contrasts with the Sensex, which has only increased by 1.59% over the past week. This indicates that the stock is experiencing a stronger recovery compared to the overall market. However, over longer periods, such as one year and three years, the stock has underperformed the benchmark, with declines of 25.21% and 40.66%, respectively, while the Sensex has shown positive returns. The liquidity of the stock remains adequate for trading, which may also contribute to its recent upward movement.
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