Why is Quess Corp falling/rising?
As of 11-Aug, Quess Corp Ltd's stock price is Rs. 269.35, showing a slight recovery after a decline but underperforming with a year-to-date return of -20.38%. Despite a recent uptick and positive factors like a high dividend yield, the company's long-term growth prospects remain weak, significantly lagging behind the broader market.
As of 11-Aug, Quess Corp Ltd's stock price is currently at Rs. 269.35, reflecting an increase of 1.4 (0.52%). The stock has recently shown signs of recovery after a prolonged decline, gaining after eight consecutive days of falling prices. Despite this uptick, the stock has underperformed significantly over various time frames, with a 1-week return of -7.28% and a year-to-date return of -20.38%. The stock hit a new 52-week low of Rs. 263 earlier today, but it has outperformed its sector by 1.09%. Positive factors contributing to the recent price movement include a high dividend yield of 5.99%, a low debt-to-equity ratio of 0.09, and rising investor participation, as evidenced by a 100.61% increase in delivery volume compared to the 5-day average. However, the company has faced challenges with poor long-term growth, as indicated by a -5.44% annual rate of operating profit growth over the last five years and a significant decline in stock performance over the past year.In the broader market context, Quess Corp's recent performance contrasts sharply with the benchmark Sensex, which has only declined by 0.51% over the past week. This indicates that while the stock is experiencing a slight rebound, it has still been underperforming relative to the market. The company’s long-term growth prospects appear weak, as it has generated a return of -25.68% over the last year, significantly lagging behind the Sensex's 1.13% gain over the same period. The high institutional holdings at 23.32% suggest that more knowledgeable investors are involved, but the overall negative sentiment surrounding the stock's long-term performance may continue to weigh on its price movements.
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