Why is CreditAcc. Gram. falling/rising?
As of 25-Jul, CreditAccess Grameen Ltd's stock price has declined to Rs 1,305.70, down 4.34%, amid a broader sector downturn. Despite recent short-term challenges, the company maintains strong long-term fundamentals and has outperformed the benchmark Sensex year-to-date.
As of 25-Jul, CreditAccess Grameen Ltd is experiencing a decline in its stock price, currently at Rs 1,305.70, which reflects a decrease of Rs 59.3 or 4.34%. Today's price summary indicates that the stock has underperformed its sector by 2.22% and has fallen after two consecutive days of gains, reaching an intraday low of Rs 1,299.2. Despite this drop, the stock has shown positive performance over the past week and month, with returns of 2.59% and 8.31% respectively. Additionally, the company has strong long-term fundamentals, evidenced by a 23.98% CAGR growth in net sales and high institutional holdings, which have increased by 0.83% over the previous quarter, suggesting confidence from larger investors.In the broader market context, the finance/NBFC sector has also seen a decline of 2.12%, which may contribute to the downward pressure on CreditAccess Grameen's stock. While the stock has outperformed the benchmark Sensex over various periods, including a year-to-date return of 46.93% compared to the Sensex's 4.25%, the recent short-term performance has been less favorable. The stock's current decline, combined with the sector's downturn, indicates a challenging environment despite its strong long-term fundamentals and rising investor participation, as evidenced by a 1.55% increase in delivery volume.
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