Why is INDIA SHELTE FIN falling/rising?
As of 28-Aug, India Shelter Finance Corporation Ltd is currently priced at 952.35, reflecting a 4.77% increase. The stock has shown strong performance, significantly outperforming the market and demonstrating robust long-term growth, although a risk exists due to a high percentage of pledged promoter shares.
As of 28-Aug, India Shelter Finance Corporation Ltd is experiencing a price increase, currently at 952.35, reflecting a rise of 43.35 or 4.77%. The stock has shown strong performance today, outperforming its sector by 6.52% and reaching an intraday high of Rs 962.45, which is a 5.88% increase. Over the past week, the stock has gained 3.66%, while its one-month return stands at 3.52%. The company has demonstrated robust long-term growth, with a significant 43.00% CAGR in operating profits and a 10.47% increase in net profit. Positive quarterly results have been consistent, with the company achieving its highest PBDIT and PAT in recent reports. However, a notable risk is that 96.96% of promoter shares are pledged, which could exert downward pressure in a declining market.In the broader market context, the stock's performance is particularly impressive given that the Sensex has declined by 2.34% over the past week and 1.00% over the past month. Year-to-date, while the stock has surged by 35.55%, the benchmark has only managed a modest 2.48% increase. This stark contrast highlights the stock's resilience and market-beating performance, especially as it has generated a return of 28.29% over the past year, significantly outpacing the negative returns of the broader market. The liquidity of the stock is also favorable, with a delivery volume increase of 25.86% against the five-day average, indicating rising investor participation.
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