Why is Gujarat Intrux falling/rising?
As of 24-Sep, Gujarat Intrux Ltd's stock price is Rs 431.85, down 0.6%, and has declined 9.87% over the last three days. Despite a high dividend yield, the stock's long-term growth prospects are poor, with a one-year return of -21.55%, significantly underperforming the broader market.
As of 24-Sep, Gujarat Intrux Ltd is experiencing a decline in its stock price, currently at Rs 431.85, reflecting a decrease of Rs 2.6 or 0.6%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 9.87% during this period. Today's performance indicates that it underperformed its sector by 0.47%. Additionally, the stock's returns over the past week show a decrease of 5.12%, while it has gained 2.82% over the past month. Despite a high dividend yield of 5.79% and an attractive valuation with a Price to Book Value of 2.2, the stock's long-term growth prospects appear poor, with net sales growth at only 7.68% annually over the last five years and a significant drop in recent quarterly results.In the broader market context, Gujarat Intrux's performance has been notably weaker than the benchmark, with a one-year return of -21.55% compared to the Sensex's -3.77%. This stark contrast highlights the stock's struggle to keep pace with market trends, particularly as the broader market has shown a positive return of 4.58% year-to-date, while Gujarat Intrux has declined by 5.59% in the same timeframe. The falling investor participation, evidenced by a 40.82% drop in delivery volume, further exacerbates the stock's challenges, indicating a lack of confidence among investors.
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