Why is Scan Projects falling/rising?
As of 10-Jun, Scan Projects Ltd's stock price has risen to Rs 75.27, reflecting a 4.99% increase, with a total return of 22.09% over the last nine days. However, despite recent gains, the stock has a year-to-date decline of 46.51% and a significant drop in delivery volume, indicating reduced investor participation.
As of 10-Jun, Scan Projects Ltd is experiencing a price increase, with its current price at Rs 75.27, reflecting a rise of 3.58 or 4.99%. The stock has been on a positive trajectory, gaining for the last nine days and achieving a total return of 22.09% during this period. It opened today with a gain of 4.99% and reached an intraday high of Rs 75.27. Despite this upward movement, the stock's delivery volume has decreased significantly, falling by 62.59% compared to the five-day average, indicating a decline in investor participation. The stock's performance over the past week shows a remarkable increase of 16.95%, while its one-month return stands at 24.68%. However, it is important to note that the stock has a year-to-date decline of 46.51%.In the broader market context, Scan Projects Ltd has outperformed the Sensex by 6.05% today, suggesting a strong relative performance compared to the benchmark index. The Sensex has only increased by 2.05% over the past week, highlighting the stock's robust short-term return. While the stock has shown impressive gains in the short term, its year-to-date performance remains significantly negative compared to the Sensex's 5.44% increase. This contrast indicates that, despite recent positive momentum, the stock has faced considerable challenges earlier in the year, which may be influencing investor sentiment and participation levels.
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