Why is CreditAcc. Gram. falling/rising?
As of 02-Sep, CreditAccess Grameen Ltd is priced at 1,385.00, down 1.07% but has increased 11.19% over the past month and 55.85% year-to-date. The stock shows strong fundamentals and institutional interest, indicating resilience despite recent declines.
As of 02-Sep, CreditAccess Grameen Ltd is currently priced at 1,385.00, reflecting a decrease of 15.0 points or 1.07%. The stock has recently underperformed its sector by 0.94% and has experienced a trend reversal, falling after two consecutive days of gains. Despite this decline, the stock has shown strong performance over the past month, with an increase of 11.19%, and a year-to-date return of 55.85%. The company is trading above its moving averages, indicating a generally positive trend, and has seen a significant rise in investor participation, with delivery volume increasing by 72.04% compared to the five-day average. Additionally, the stock has demonstrated strong long-term fundamentals, evidenced by a 23.98% compound annual growth rate in net sales and a high institutional holding of 24.89%, which has increased by 0.83% over the previous quarter.In the broader market context, CreditAccess Grameen Ltd has outperformed the benchmark, the Sensex, which has seen a decline of 0.78% over the past week. While the stock has generated a return of 14.08% over the past year, the overall market has faced negative returns of -4.82%, highlighting the stock's resilience. This performance suggests that despite the recent price drop, the company's fundamentals remain strong, and it continues to attract institutional interest, which may support its price in the long term.
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