Why is Sh. Digvijay Cem falling/rising?
As of 29-Aug, Shree Digvijay Cement Co. Ltd's stock price is at 97.27, showing a 1.21% increase and outperforming its sector. Despite a significant drop in delivery volume, the stock has risen over the past week and month, indicating strong relative performance against a declining broader market.
As of 29-Aug, Shree Digvijay Cement Co. Ltd's stock price is currently at 97.27, reflecting an increase of 1.16 or 1.21%. The stock has shown a positive trend today, gaining after two consecutive days of decline, and it outperformed its sector by 1.06%. It reached an intraday high of Rs 99.68, indicating strong intraday performance. Over the past week, the stock has risen by 2.63%, and over the past month, it has increased by 10.92%. Additionally, the company has a low Debt to Equity ratio of 0.04 times, which is favorable, and there has been an increase in institutional investor participation, with their stake rising by 0.9% to a total of 3.1%.In the broader market context, the Sensex has declined by 1.84% over the past week and 1.88% over the past month, contrasting with Shree Digvijay Cement's positive returns during the same periods. This indicates that the stock is performing well relative to the overall market. However, it is worth noting that there has been a significant drop in delivery volume, which fell by 63.26% compared to the 5-day average, suggesting a decrease in investor participation. Despite this, the liquidity remains adequate for trading, which may support the stock's price stability.
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