Why is Shilpa Medicare falling/rising?
As of 18-Sep, Shilpa Medicare Ltd's stock price is at 819.10, down 0.23%. Despite strong profit growth, the stock has underperformed its sector and the broader market due to declining trading volumes and negative market sentiment.
As of 18-Sep, Shilpa Medicare Ltd's stock price is currently at 819.10, reflecting a decrease of 1.9 points or 0.23%. The stock has underperformed its sector by 1.28% today and has been on a downward trend for the last two days, accumulating a total decline of 1.02%. Over the past week, the stock has dropped by 1.85%, and in the last month, it has seen a more significant decline of 6.93%. Despite the company reporting a remarkable net profit growth of 290.01% and positive results for the last eight consecutive quarters, the stock's performance has been hindered by lower investor participation, as evidenced by a 36.54% drop in delivery volume compared to the five-day average.In the broader market context, the Sensex has risen by 1.80% over the past week and 2.14% over the past month, indicating that the overall market is performing well while Shilpa Medicare is struggling. The stock's year-to-date return stands at 0.74%, which is significantly lower than the Sensex's 6.24% return. Although the company has shown strong financial results, the recent price movements suggest that market sentiment may be negatively impacted by declining trading volumes and the stock's inability to keep pace with the benchmark index.
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