Why is Optiemus Infra falling/rising?
As of 12-Sep, Optiemus Infracom Ltd is trading at 638.15, reflecting a 0.58% increase and strong performance over the past month with an 11.48% rise. Despite a decline in investor participation, the stock has shown healthy long-term growth and is outperforming the broader market.
As of 12-Sep, Optiemus Infracom Ltd is experiencing a price increase, currently trading at 638.15, which reflects a rise of 3.65 or 0.58%. The stock has shown positive momentum, gaining 1.78% over the last two days and outperforming its sector by 1.29% today. Additionally, it has demonstrated strong performance over the past month with an 11.48% increase, while also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, there is a notable decline in investor participation, as the delivery volume has decreased by 49.49% compared to the 5-day average. The company has shown healthy long-term growth, with net sales increasing at an annual rate of 44.23%, and it is trading at a discount relative to its peers, which supports its recent upward movement.In the broader market context, Optiemus Infracom's short-term performance of 1.51% over the past week slightly outpaces the Sensex, which has risen by 1.48%. This indicates that the stock is performing well relative to the overall market. Despite a year-to-date decline of 8.99%, the stock has generated a positive return of 2.19% over the last year, while its profits have increased by 10.4%. This consistent performance over the past three years, where it has outperformed the BSE500, suggests that the stock is well-positioned in the market, contributing to its recent price rise.
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