Why is CreditAcc. Gram. falling/rising?
As of 18-Sep, CreditAccess Grameen Ltd's stock is at Rs 1,390.45, up 2.68%, and has shown strong performance with a 7.31% return over four days, significantly outperforming the Sensex. The stock's positive momentum is supported by strong fundamentals and increasing investor confidence, despite broader market challenges.
As of 18-Sep, CreditAccess Grameen Ltd's stock price is rising, currently at Rs 1,390.45, reflecting an increase of Rs 36.25 or 2.68%. The stock has been gaining momentum, having outperformed its sector by 2.35% today and achieving a consecutive gain over the last four days, resulting in a total return of 7.31% during this period. Additionally, the stock is trading above all its moving averages, indicating strong upward momentum. It is also close to its 52-week high, just 2.52% away from Rs 1,425.5. The stock's performance over various periods shows a 6.68% increase over the past week and a 56.47% increase year-to-date, significantly outperforming the benchmark Sensex, which has only risen by 1.80% and 6.24% respectively. The strong long-term fundamental strength, evidenced by a 23.98% CAGR growth in net sales and high institutional holdings that have increased by 0.83%, further supports the stock's positive movement.In the broader market context, while the BSE500 has generated negative returns of -1.96% over the last year, CreditAccess Grameen Ltd has managed to deliver a 12.11% return, showcasing its resilience against market trends. The rising investor participation, indicated by a 45.71% increase in delivery volume, also suggests growing confidence among investors. The liquidity of the stock, being sufficient for trade sizes, adds to its attractiveness. Overall, the combination of strong performance metrics, positive investor sentiment, and robust fundamentals contributes to the stock's upward trajectory in a challenging market environment.
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