Why is Jattashankar Ind falling/rising?
As of 05-Aug, Jattashankar Industries Ltd is priced at 223.00, having gained 4.69% over the past week but declined 16.88% in the last month. Despite recent volatility, the stock has significantly outperformed the Sensex year-to-date and over the past year.
As of 05-Aug, Jattashankar Industries Ltd is currently priced at 223.00, reflecting an increase of 1.05, or 0.47%. The stock has shown a positive trend recently, gaining 4.69% over the past week and outperforming its sector by 0.9%. However, it is important to note that the stock has experienced a significant decline of 16.88% over the past month. Despite this, the stock has been on a consecutive gain streak for the last five days. The delivery volume has decreased by 46.58% compared to the five-day average, indicating a drop in investor participation, which could be a concern for future price movements. Unfortunately, there is no information available regarding positive or negative factors that could further explain the stock's recent performance.In the broader market context, Jattashankar Industries Ltd has outperformed the benchmark Sensex in the short term, with a 4.69% return over the past week compared to the Sensex's decline of 0.77%. Year-to-date, the stock has shown a remarkable gain of 51.86%, significantly higher than the Sensex's 3.29% increase. Over the past year, Jattashankar Industries has achieved an impressive return of 579.88%, while the Sensex has only risen by 2.48%. This strong performance relative to the benchmark suggests that despite recent volatility, the stock has maintained a robust long-term growth trajectory.
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