Why is Ganesh Housing falling/rising?
As of 17-Jul, Ganesh Housing Corporation Ltd is priced at 992.85, down 1.21%. Despite a strong long-term growth outlook, recent performance is affected by high valuation and low investor confidence, leading to underperformance compared to the sector and benchmark indices.
As of 17-Jul, Ganesh Housing Corporation Ltd is currently priced at 992.85, reflecting a decrease of 12.15, or 1.21%. The stock has underperformed its sector today by 2.17% and has experienced a consecutive decline over the last two days, resulting in a total drop of 1.28%. Over the past week, the stock has decreased by 1.41%, while it has shown a modest increase of 2.67% over the last month. Despite a strong long-term growth outlook, with an annual operating profit growth rate of 74.29% and positive results for the last three consecutive quarters, the stock's recent performance is hindered by a high valuation indicated by a Price to Book Value of 4 and low domestic mutual fund ownership at just 0.34%.In the broader market context, the stock's short-term performance has lagged behind the benchmark Sensex, which has declined by only 1.12% over the same week. While Ganesh Housing has generated a return of 3.83% over the past year, this is significantly lower than the Sensex's 5.27% year-to-date performance. The falling investor participation, as evidenced by a decrease in delivery volume, further suggests a lack of confidence among investors, contributing to the stock's downward trajectory.
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