Why is Sancode Tech. falling/rising?

Aug 25 2025 11:22 PM IST
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As of 25-Aug, Sancode Technologies Ltd's stock price is Rs 111.72, down 2.0%. Despite this decline, the stock has shown strong performance over the past week and month, with significant returns, and remains liquid with increasing investor participation.
As of 25-Aug, Sancode Technologies Ltd is experiencing a decline in its stock price, currently at Rs 111.72, which represents a decrease of 2.28 or 2.0%. Today's price summary indicates that the stock opened with a loss of 2% and has since traded flat at this price, touching an intraday low of Rs 111.72. Despite this drop, the stock has shown impressive performance over the past week and month, with returns of 12.00% and 74.84%, respectively. Additionally, it has outperformed the broader market significantly over the past year, generating returns of 89.36% compared to the BSE500's negative return of -2.11%. However, the stock has recently fallen after a streak of 12 consecutive days of gains, and it is currently 2.39% away from its 52-week high.

In the broader market context, while Sancode Technologies has underperformed its sector by 4.4% today, the IT - Software sector itself has gained by 2.41%. This indicates that the stock's decline is not reflective of the overall sector performance. The stock remains liquid enough for trading, with a notable increase in delivery volume, suggesting rising investor participation. The positive financial results expected in September, including the highest recorded PBDIT and PAT, may provide support for the stock in the longer term, despite the current downward movement.
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