Why is Guj. Credit Corp falling/rising?
As of 13-Nov, Gujarat Credit Corporation Ltd's stock price is at Rs 27.65, showing a 4.97% increase today and outperforming its sector. Despite recent gains, the stock is down 44.48% year-to-date, indicating long-term performance challenges.
As of 13-Nov, Gujarat Credit Corporation Ltd's stock price is rising, currently at Rs 27.65, reflecting an increase of 1.31 (4.97%). The stock has shown a positive performance today, outperforming its sector by 4.99%. Notably, it reached an intraday high of Rs 27.65, and there has been a significant increase in delivery volume, which rose by 3687.88% against the 5-day average. However, the stock has experienced erratic trading, not trading on one day out of the last 20 days. In terms of returns, the stock has performed positively over the past week with a gain of 5.53%, although it remains down 44.48% year-to-date and 57.79% over the past year.Broader market context indicates that while Gujarat Credit Corporation Ltd has outperformed the Sensex in the short term, with a 1-week return of 5.53% compared to the Sensex's 1.40%, its long-term performance remains concerning. The stock's year-to-date decline of 44.48% starkly contrasts with the Sensex's gain of 8.11%. This disparity highlights the challenges faced by Gujarat Credit Corporation Ltd in maintaining investor confidence despite recent positive movements. The liquidity of the stock is adequate for trading, which may contribute to the recent uptick in price, but the overall negative performance over longer periods suggests underlying issues that could affect future price stability.
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