Why is G G Dandekar falling/rising?
As of 10-Sep, G G Dandekar Properties Ltd is currently priced at Rs 85.00, reflecting a short-term gain despite a significant year-to-date decline of 24.78%. The stock's recent performance contrasts with the broader market, indicating ongoing financial struggles and risks despite today's uptick.
As of 10-Sep, G G Dandekar Properties Ltd is experiencing a price increase, currently at Rs 85.00, reflecting a rise of 2.4 (2.91%). The stock has shown a positive movement today, gaining after two consecutive days of decline and outperforming its sector by 1.8%. It opened with a gain of 2.91% and reached an intraday high of Rs 85. Despite this uptick, the stock has underperformed in the longer term, with a year-to-date decline of 24.78% and a one-year return of -37.04%. The company's weak long-term fundamentals, including a negative CAGR growth in net sales and poor EBIT to interest ratio, contribute to its overall risk profile, despite the recent price increase.In the broader market context, the stock's short-term performance contrasts with the benchmark, as it has declined by 1.45% over the past week while the Sensex has gained 1.06%. This indicates that while G G Dandekar is seeing a temporary rise, it remains under pressure compared to the overall market. The stock's liquidity appears sufficient for trading, with a notable increase in delivery volume, suggesting rising investor participation. However, the company's ongoing financial struggles, including negative operating profits and a low debtors turnover ratio, highlight the risks that could affect its future performance despite today's gains.
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