Why is Kanpur Plastipa. falling/rising?
As of 25-Sep, Kanpur Plastipack Ltd's stock price is at 208.65, down 2.95% after eight consecutive days of decline totaling 10.74%. Despite strong long-term performance with a 76.22% return over the past year, recent short-term struggles are evident, attributed to decreased investor participation and underperformance relative to its sector.
As of 25-Sep, Kanpur Plastipack Ltd's stock price is currently at 208.65, reflecting a decrease of 6.35, or 2.95%. The stock has been on a downward trend, having fallen for the last eight consecutive days, resulting in a total decline of 10.74% during this period. Today's performance indicates that it underperformed its sector by 2.02%, and it reached an intraday low of Rs 205. Despite this recent decline, the company has shown strong financial performance in previous quarters, with a net profit growth of 101.67% and consistent positive results over the last three quarters. However, the stock's recent performance contrasts with its long-term growth, as it has generated a remarkable 76.22% return over the past year, outperforming the BSE500 index.In the broader market context, the stock's short-term performance has been notably weaker than the benchmark, with a 1-week return of -7.94% compared to the Sensex's decline of only -2.23%. This suggests that while the stock has performed well over the long term, its recent struggles may be attributed to falling investor participation, as indicated by a significant drop in delivery volume. The liquidity remains adequate for trading, but the stock's current movement reflects a challenging short-term outlook despite its strong fundamentals and historical performance.
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