Why is Gautam Exim falling/rising?
As of 09-Sep, Gautam Exim Ltd's stock price is Rs. 311.00, having reached a new all-time high with a year-to-date increase of 89.35%. Despite recent erratic trading and a drop in delivery volume, the stock has significantly outperformed the Sensex over various time frames.
As of 09-Sep, Gautam Exim Ltd's stock price is currently at Rs. 311.00, reflecting an increase of Rs. 3.1, or 1.01%. The stock has reached a new 52-week and all-time high today, indicating strong upward momentum. It has outperformed its sector by 2.35% and is trading above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. However, there has been erratic trading, with the stock not trading on 5 out of the last 20 days, and a significant drop in delivery volume by 68.75% against the 5-day average, suggesting a decline in investor participation. Unfortunately, there is no information available regarding positive or negative factors that could further explain the stock's recent movement.In the broader market context, Gautam Exim's short-term return of 1.01% over the past week is slightly below the benchmark Sensex's return of 1.18%. However, over the past month, Gautam Exim has shown a remarkable return of 28.46%, significantly outperforming the Sensex's 1.56%. Year-to-date, the stock has surged by 89.35%, compared to the Sensex's modest 3.79% increase, and over the past year, it has achieved an impressive 425.43% return while the Sensex has declined by 0.56%. This strong performance relative to the benchmark indicates that despite some recent volatility and reduced trading activity, the stock remains in a robust upward trend overall.
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