Why is Nitta Gelatin falling/rising?
As of 23-Sep, Nitta Gelatin India Ltd's stock price is at 915.00, having increased by 0.2% after two days of decline. Despite a recent drop in delivery volume, the stock has outperformed its sector and shows strong long-term performance, although it faces short-term challenges.
As of 23-Sep, Nitta Gelatin India Ltd's stock price is currently at 915.00, reflecting an increase of 1.85 (0.2%). The stock has shown a trend reversal, gaining after two consecutive days of decline. Despite a recent drop in delivery volume, which fell by 56.35% against the 5-day average, the stock has outperformed its sector by 0.76%. Over the past month, it has risen by 8.67%, and year-to-date, it has increased by 20.11%. The company's strong ability to service debt, indicated by a low Debt to EBITDA ratio of 0.62 times, along with a return on equity (ROE) of 18.1, supports its fair valuation, contributing positively to its recent price movement.In the broader market context, while Nitta Gelatin has outperformed the Sensex in the long term, its short-term performance shows a decline of 2.31% over the past week compared to a smaller decline of 0.34% in the Sensex. This indicates that while the stock has been resilient in the long run, it is currently facing some short-term challenges. However, its historical performance, with significant returns over 3 years (94.12%) and 5 years (500.00%), suggests a strong market position despite recent fluctuations.
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