Why is Neuland Labs. falling/rising?
As of 11-Sep, Neuland Laboratories Ltd is currently priced at Rs 15,555.00, reflecting a 5.13% increase and strong performance, significantly outperforming the Sensex over various periods. Despite a decline in delivery volume, the stock's fundamentals and consistent returns enhance investor confidence.
As of 11-Sep, Neuland Laboratories Ltd is experiencing a price increase, currently at Rs 15,555.00, reflecting a rise of Rs 758.85 or 5.13%. The stock has shown strong performance today, outperforming its sector by 4.66% and achieving a consecutive gain over the last two days with an overall increase of 8.17% in that period. It reached an intraday high of Rs 15,750, and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a slight decline in investor participation, as indicated by an 8.38% drop in delivery volume, the stock's strong fundamentals, such as a low Debt to EBITDA ratio of 0.57 times and high institutional holdings at 33.66%, contribute positively to its recent upward movement.In the broader market context, Neuland Laboratories Ltd has significantly outperformed the benchmark Sensex, with a 1-week return of 6.53% compared to the Sensex's 1.03%, and a 1-month return of 17.05% against 1.17% for the Sensex. Over the past year, the stock has generated a return of 23.09%, while the Sensex has only seen a marginal increase of 0.03%. This consistent outperformance over various periods, particularly the last three years, underscores the company's strong ability to generate returns, further enhancing investor confidence and contributing to the stock's rising price.
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