Why is Corporate Merch falling/rising?
As of 06-Oct, Corporate Merchant Bankers Ltd is seeing a price increase to Rs. 207.65, marking a 1.99% rise and a new all-time high. The stock has gained 51.07% over the last 21 days and significantly outperformed the Sensex, with a year-to-date return of 1148.65%.
As of 06-Oct, Corporate Merchant Bankers Ltd is experiencing a price increase, with its current price at Rs. 207.65, reflecting a rise of 4.05 or 1.99%. The stock has reached a new 52-week and all-time high today, and it has been on a consecutive gain streak for the last 21 days, accumulating a remarkable 51.07% return during this period. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong upward momentum. The liquidity of the stock is also favorable, as it is liquid enough for trade sizes of Rs 0 crore, although there is no information available regarding positive or negative factors impacting the stock.In the broader market context, Corporate Merchant Bankers Ltd has significantly outperformed the benchmark Sensex, with a 1-week return of 8.18% compared to the Sensex's 1.77%, and a 1-month return of 48.16% against the Sensex's 1.34%. Year-to-date, the stock has shown an extraordinary return of 1148.65%, while the Sensex has only increased by 4.67%. This stark contrast in performance highlights the stock's strong position relative to the broader market, contributing to its rising price.
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