Why is Quess Corp falling/rising?
As of 23-Sep, Quess Corp Ltd's stock price is Rs 261.30, down 0.76%, and has fallen 4.98% over the last four days, nearing its 52-week low. The stock has significantly underperformed compared to the Sensex, with a year-to-date decline of 22.76% and a 40.34% drop over the past year, indicating negative market sentiment.
As of 23-Sep, Quess Corp Ltd is experiencing a decline in its stock price, currently at Rs 261.30, which reflects a decrease of 2.0 (-0.76%). The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total drop of 4.98% during this period. It is also close to its 52-week low, just 0.33% away from Rs 260.45. Over the past week, the stock has decreased by 2.50%, and its year-to-date performance shows a significant decline of 22.76%. Despite a high dividend yield of 3.8% and a low debt-to-equity ratio, the stock's long-term growth prospects appear poor, with operating profits declining at an annual rate of 5.44% over the last five years. In the broader market context, Quess Corp's recent performance contrasts sharply with the benchmark Sensex, which has shown a slight decline of only 0.34% over the past week. The stock's performance has lagged behind the benchmark in both the short and long term, with a staggering 40.34% drop over the past year compared to the Sensex's decline of just 3.33%. This underperformance, combined with falling investor participation and a lack of positive momentum, suggests that market sentiment towards Quess Corp is currently negative, further contributing to its declining stock price.
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