Why is CreditAcc. Gram. falling/rising?
As of 15-Jul, CreditAccess Grameen Ltd's stock price is Rs 1,296.95, down 2.04%. Despite recent short-term declines, the stock has strong long-term fundamentals and institutional support, indicating potential resilience.
As of 15-Jul, CreditAccess Grameen Ltd's stock price is currently at Rs 1,296.95, reflecting a decrease of Rs 26.95 or 2.04%. The stock has recently underperformed its sector by 2.85% and has experienced a trend reversal, falling after two consecutive days of gains. It is currently trading 4.48% away from its 52-week high of Rs 1,355. Despite this decline, the stock has shown positive long-term fundamentals, with a compound annual growth rate (CAGR) of 20.59% in operating profits and a healthy annual growth rate of 27.54% in net sales. Additionally, high institutional holdings at 24.06% indicate strong confidence from investors who are better equipped to analyze the company's fundamentals.In the broader market context, the stock has performed relatively well over the past month, with a return of 9.55%, compared to a 1.79% increase in the Sensex. However, in the short term, the stock's performance has been negatively impacted by today's decline, which contrasts with the benchmark's recent performance. The stock's liquidity remains adequate, with a delivery volume that has increased significantly, suggesting ongoing investor interest despite the current price drop. Overall, while the stock is facing short-term challenges, its strong long-term fundamentals and institutional backing may provide a buffer against further declines.
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