Why is Guj. Credit Corp falling/rising?
As of 14-Jul, Gujarat Credit Corporation Ltd's stock price is at 28.44, reflecting a slight increase but trading below all key moving averages, indicating a bearish trend. The stock has underperformed significantly compared to the benchmark Sensex, with a year-to-date decline of 42.89%.
As of 14-Jul, Gujarat Credit Corporation Ltd is experiencing a slight increase in its stock price, currently at 28.44, with a change of 0.08, representing a 0.28% rise. The stock has been gaining for the last two days, showing a total return of 0.32% during this period. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend in the longer term. Additionally, there has been a significant drop in investor participation, with delivery volume on 11 July falling by 99.65% compared to the 5-day average, which may suggest a lack of confidence among investors. Unfortunately, there is no information available regarding positive or negative factors that could influence the stock's recent movement.In the broader market context, the stock's performance over the past week shows a decline of 13.42%, while the benchmark Sensex has only decreased by 1.42%. This indicates that Gujarat Credit Corporation Ltd is underperforming relative to the market. Over the past month, the stock has declined by 6.97%, contrasting with the Sensex's increase of 1.40%. Year-to-date, the stock has fallen significantly by 42.89%, while the Sensex has gained 5.27%. This stark difference highlights the challenges faced by the company compared to the overall market performance.
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