Why is Saraswati Commer falling/rising?
As of 13-Nov, Saraswati Commercial (India) Ltd's stock price has risen to Rs 13,655.00, reflecting a 9.24% increase, but it has weak long-term fundamentals and has underperformed the market over the past year with a -38.97% return. Despite strong short-term performance, the lack of mutual fund investment suggests low confidence in its valuation.
As of 13-Nov, Saraswati Commercial (India) Ltd is experiencing a significant price increase, with its current price at Rs 13,655.00, reflecting a rise of Rs 1,155.1 or 9.24%. The stock has shown strong performance today, outperforming its sector by 9.26% and achieving a consecutive gain over the last two days with a total return of 9.98%. It opened with a notable gain of 9.04% and reached an intraday high of Rs 14,499.95, indicating high volatility with an intraday fluctuation of 6.5%. However, despite this positive movement, the stock has a weak long-term fundamental strength, evidenced by a low average Return on Equity (ROE) of 11.94% and a significant decline in net sales and profits over the past six months. Additionally, the stock has underperformed the market over the past year, generating a return of -38.97% compared to the benchmark's 8.17%.In the broader market context, the stock's short-term return of 12.66% over the past week significantly outpaces the Sensex's return of 1.40%, highlighting a strong recent performance relative to the market. However, the long-term outlook remains concerning, as the stock has underperformed the market over the past year, with a decline of -38.97% against the Sensex's positive return of 8.74%. The lack of domestic mutual fund investment, which stands at 0%, may indicate a lack of confidence in the stock's valuation and business prospects, further complicating its market position despite the recent price rise.
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