Why is SAL Automotive falling/rising?
As of 24-Sep, SAL Automotive Ltd's stock price is 254.80, up 2.51% today after three days of decline. Despite a year-to-date drop of 6.32% and a one-year return of -27.48%, the company has strong long-term growth, with net sales increasing at an annual rate of 39.82%.
As of 24-Sep, SAL Automotive Ltd's stock price is currently at 254.80, reflecting an increase of 6.25, or 2.51%. The stock has shown a positive movement today, gaining after three consecutive days of decline, and opened with a significant gap up of 6.62%. It reached an intraday high of Rs 265, although it also touched a low of Rs 243.2 during the day. The stock has outperformed its sector by 3.55% today, and there has been a rise in investor participation, with delivery volume increasing by 7.17% against the five-day average. Despite a year-to-date decline of 6.32% and a one-year return of -27.48%, the company has demonstrated healthy long-term growth with net sales increasing at an annual rate of 39.82%. However, the stock's recent performance has been impacted by flat results in June and a lower EPS of Rs 1.79.In the broader market context, SAL Automotive's short-term return of +0.12% over the past week contrasts with the Sensex, which has declined by 1.18% in the same period. While the stock has underperformed the market over the last year, with a return of -27.48% compared to the Sensex's -3.77%, it has shown strong growth over the longer term, with a 173.98% increase over three years and a 264.26% increase over five years. The stock is currently trading at a discount compared to its peers, which may attract investors looking for value, despite the recent volatility and negative returns.
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