Why is Scoobee Garments falling/rising?
As of 13-Jun, Scoobee Day Garments India Ltd's stock price is Rs 108.30, down 4.5% after three consecutive days of decline. Despite a strong annual return of 38.79%, the stock faces short-term challenges with a year-to-date performance of -22.65%.
As of 13-Jun, Scoobee Day Garments India Ltd is experiencing a decline in its stock price, currently at Rs 108.30, which reflects a decrease of Rs 5.1 or 4.5%. The stock has been underperforming recently, having fallen for three consecutive days, resulting in a total decline of 9.18% during this period. Despite a notable increase in delivery volume, which rose by 223.04% against the 5-day average, the stock's performance today was below sector expectations by 3.86%. Over the past year, however, the stock has shown a strong return of 38.79%, significantly outperforming the market benchmark, which recorded a return of only 3.05%. In the broader market context, the stock's recent performance contrasts with the benchmark index, as it has underperformed in the short term while still maintaining a positive long-term trajectory. The company has recently reported its highest quarterly net sales and profits after a series of negative quarters, which could suggest potential for recovery. However, the stock's year-to-date performance remains negative at -22.65%, indicating ongoing challenges despite the positive quarterly results. The liquidity of the stock appears adequate for trading, but the current downward trend may reflect investor caution in light of recent price movements.
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