Why is Crompton Gr. Con falling/rising?
As of 22-Sep, Crompton Greaves Consumer Electricals Ltd's stock price is Rs 309.20, down 1.56%, and trading near its 52-week low. The stock has shown significant negative returns year-to-date and over the past year, reflecting poor long-term growth and disappointing quarterly results, leading to negative sentiment among investors.
As of 22-Sep, Crompton Greaves Consumer Electricals Ltd's stock price is currently at Rs 309.20, reflecting a decrease of Rs 4.9 or 1.56%. The stock has been underperforming, as evidenced by its performance today where it has fallen for the last two days, resulting in a total decline of 2.57%. It is trading close to its 52-week low, just 2.01% away from Rs 303. Additionally, the stock has shown negative returns over various periods, including a 21.82% decline year-to-date and a 31.00% drop over the past year. Despite having a high return on capital employed (ROCE) of 32.37% and a low debt-to-equity ratio, the stock's recent performance has been hampered by poor long-term growth and disappointing quarterly results, which have contributed to its downward trend.In the broader market context, the stock's short-term performance has been notably weaker than the benchmark, with a 1-week return of -0.85% compared to the Sensex's +0.46%. This underperformance is further highlighted by the stock's negative returns over the past month and year, contrasting sharply with the Sensex's positive returns during the same periods. The decline in investor participation, as indicated by a 17.56% drop in delivery volume, suggests waning interest among traders, which may be exacerbating the stock's price decline. Overall, while institutional holdings remain high at 88.13%, the combination of poor recent performance and lackluster growth prospects has led to a negative sentiment surrounding Crompton Greaves Consumer Electricals Ltd.
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