Why is Sejal Glass falling/rising?
As of 03-Nov, Sejal Glass Ltd's stock price is Rs 887.35, down 5.0% and underperforming its sector. Despite recent short-term declines, the company has shown strong long-term performance with a 36.33% return over the past year, indicating potential resilience.
As of 03-Nov, Sejal Glass Ltd's stock price is currently at Rs 887.35, reflecting a decline of Rs 46.7 or 5.0%. The stock has been underperforming, having fallen consecutively for the last two days, with a total drop of 5.74% during this period. Additionally, the stock's performance today has underperformed its sector by 5.78%. Despite this recent downturn, the company has shown strong financial results, including a remarkable 202.9% growth in net profit and positive results for the last six consecutive quarters, which may indicate underlying strength despite the current price drop. In the broader market context, the stock's short-term return over the past week is -10.22%, significantly worse than the Sensex, which has only declined by 0.94%. However, over the longer term, Sejal Glass has outperformed the benchmark, generating a 36.33% return over the past year compared to the Sensex's 5.34%. This indicates that while the stock is experiencing short-term volatility, its long-term performance remains strong, suggesting that the recent price decline may be a temporary fluctuation rather than a reflection of the company's overall health.
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