Why is CreditAcc. Gram. falling/rising?
As of 08-Jul, CreditAccess Grameen Ltd's stock price is 1,296.35, up 1.43%, with strong year-to-date growth of 45.88% despite a 67.6% drop in delivery volume. The stock outperformed the Sensex and shows positive long-term fundamentals, indicating investor confidence.
As of 08-Jul, CreditAccess Grameen Ltd is experiencing a price increase, currently at 1,296.35, reflecting a rise of 18.25 or 1.43%. The stock has shown a strong performance today, outperforming its sector by 1.48%. It is trading above all its moving averages, indicating positive momentum. Over the past week, the stock has gained 3.31%, and year-to-date, it has surged by 45.88%. However, it is important to note that there has been a significant decline in investor participation, with delivery volume dropping by 67.6% compared to the 5-day average. Despite this, the company maintains strong long-term fundamentals, with a 20.59% CAGR growth in operating profits and high institutional holdings at 24.06%, which suggests confidence from more knowledgeable investors.In the broader market context, CreditAccess Grameen's short-term performance has significantly outpaced the benchmark Sensex, which has only increased by 0.02% over the same week. The stock's 1-month return of 7.58% also exceeds the Sensex's 1.85% increase, indicating that it is currently favored by investors compared to the overall market. While the stock has shown a decline of 1.11% over the past year, its strong year-to-date performance and positive growth indicators suggest that it is on a recovery path, contrasting with the broader market's more modest gains.
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