Why is CreditAcc. Gram. falling/rising?
As of 11-Jul, CreditAccess Grameen Ltd's stock price is rising to 1,306.00, reflecting a 2.19% increase. The stock is performing well relative to the market, showing strong long-term fundamentals and institutional confidence, despite a recent decline in trading volume.
As of 11-Jul, CreditAccess Grameen Ltd's stock price is rising, currently at 1,306.00, reflecting an increase of 28.0 or 2.19%. The stock has shown a positive trend, gaining after two consecutive days of decline and outperforming its sector by 2.48%. It is currently trading close to its 52-week high, just 4.39% away from Rs 1,355. The stock's performance over the past month has been strong, with a return of 7.24%, while year-to-date, it has surged by 46.96%. Despite a significant drop in delivery volume, indicating falling investor participation, the company maintains strong long-term fundamentals, with a 20.59% CAGR growth in operating profits and healthy net sales growth of 27.54%. High institutional holdings at 24.06% suggest confidence from knowledgeable investors.In the broader market context, CreditAccess Grameen's short-term return of 0.71% over the past week contrasts with the Sensex, which has declined by 1.12%. This indicates that the stock is performing well relative to the overall market. While the stock has shown impressive long-term growth, it has lagged behind the benchmark over three and five years. However, the current upward movement, supported by strong fundamentals and institutional backing, suggests a positive outlook despite the recent drop in trading volume.
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