Why is Dhampur Sugar falling/rising?
As of 18-Sep, Dhampur Sugar Mills Ltd's stock price is Rs 140.90, up 2.47% over the last four days, but down 12.76% year-to-date and 34.16% over the past year. Despite recent short-term gains, the stock has underperformed the Sensex in the long term, indicating challenges in sustaining investor confidence.
As of 18-Sep, Dhampur Sugar Mills Ltd's stock price is currently at Rs 140.90, reflecting an increase of Rs 3.4, or 2.47%. The stock has been on a positive trajectory, gaining for the last four consecutive days and achieving a total return of 4.49% during this period. Additionally, the stock has outperformed its sector by 1.88% today. However, despite these recent gains, the stock's year-to-date performance shows a decline of 12.76%, and it has dropped 34.16% over the past year. Notably, the stock's delivery volume has decreased by 27.17% compared to the five-day average, indicating a potential decline in investor participation, which could impact future price movements.In the broader market context, Dhampur Sugar's short-term performance over the past week shows a return of 4.10%, significantly outperforming the Sensex, which has only increased by 1.80% during the same period. This suggests that the stock is gaining traction relative to the overall market. However, the longer-term performance reveals a stark contrast, with the stock underperforming the Sensex over one year and three years, which have seen minimal gains of 0.08% and 41.08%, respectively. This disparity highlights the challenges faced by Dhampur Sugar in maintaining investor confidence despite its recent short-term gains.
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