Why is Guj. Credit Corp falling/rising?
As of 18-Nov, Gujarat Credit Corporation Ltd is currently priced at Rs 30.40, reflecting a recent rise but a significant year-to-date decline of 38.96%. Despite short-term outperformance against the Sensex, the stock has faced volatility and long-term challenges, with a one-year drop of 55.39%.
As of 18-Nov, Gujarat Credit Corporation Ltd is experiencing a price increase, currently at Rs 30.40, reflecting a rise of 1.37 or 4.72%. The stock has shown strong performance recently, gaining 9.95% over the last two days and outperforming its sector by 5.5% today. Despite this positive momentum, the stock has a year-to-date decline of 38.96% and a one-year drop of 55.39%, indicating significant long-term challenges. Additionally, the stock has been trading erratically, with a wide intraday range and a notable decrease in delivery volume, which fell by 81.35% compared to the five-day average.Broader Market Context: In the short term, Gujarat Credit Corporation Ltd has outperformed the Sensex, with a weekly return of 15.41% compared to the benchmark's 0.96%. This indicates that while the stock is currently rising, it has faced considerable volatility and a lack of consistent investor participation. The broader market context shows that despite the stock's recent gains, it has underperformed significantly over longer periods, as evidenced by its year-to-date and one-year returns compared to the Sensex's positive performance.
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