Why is Quess Corp falling/rising?
As of 04-Sep, Quess Corp Ltd's stock price is Rs 269.00, down 0.74%, and close to its 52-week low. Despite a high dividend yield and increased investor participation, the stock has significantly underperformed over the past year and shows poor long-term growth prospects.
As of 04-Sep, Quess Corp Ltd is experiencing a decline in its stock price, currently at Rs 269.00, reflecting a decrease of Rs 2.0 or 0.74%. The stock has underperformed in the short term, with a consecutive fall over the last two days resulting in a total decline of 1.19%. Additionally, the stock is close to its 52-week low, just 2.3% away from Rs 262.8. Over the past month, it has seen a significant drop of 7.40%, while its year-to-date performance shows a substantial decline of 20.49%. Despite a high dividend yield of 5.92% and rising investor participation indicated by a 174.9% increase in delivery volume, the stock's long-term growth prospects appear poor, with operating profit declining at an annual rate of 5.44% over the last five years.In the broader market context, Quess Corp's recent performance contrasts with the Sensex, which has shown a modest gain of 0.80% over the past week. While the stock has outperformed the benchmark in the short term with a 1.70% increase over the last week, its long-term returns are concerning, with a staggering 35.88% decline over the past year compared to the Sensex's gain of 3.30% during the same period. This underperformance, coupled with flat results and low cash reserves, suggests that investor sentiment may be negatively impacted, contributing to the stock's current downward trajectory.
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