Why is Delton Cables falling/rising?
As of 29-Jul, Delton Cables Ltd is priced at 834.10, having recently declined by -0.05 or -0.01%. Despite this short-term drop, the company has shown strong long-term growth and significantly outperformed the benchmark Sensex over the past three years.
As of 29-Jul, Delton Cables Ltd is currently priced at 834.10, reflecting a slight decline of -0.05 or -0.01%. The stock has been underperforming recently, having fallen consecutively for the last two days with a total drop of -5.01%. Despite this short-term decline, the stock has shown strong performance over the past week and month, with returns of +5.91% and +14.57%, respectively. The company has reported healthy long-term growth, with net sales increasing at an annual rate of 41.34% and net profit rising by 67.86%. Additionally, Delton Cables has consistently declared positive results for the last eight quarters, which supports its valuation and growth potential.Broader market context indicates that while Delton Cables has experienced a decline in the short term, it has significantly outperformed the benchmark Sensex over various periods, including a remarkable +1237.77% return over the last three years. However, the stock's recent performance has been impacted by a decrease in investor participation, as evidenced by a 52.12% drop in delivery volume compared to the five-day average. This decline in trading activity may contribute to the stock's current price movement, despite its strong historical performance and positive financial indicators.
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