Why is Shraddha Prime falling/rising?
As of 27-Jun, Shraddha Prime Projects Ltd is experiencing a price increase to Rs. 177.00, reflecting a 4.12% rise and a new 52-week high. The stock has gained 22.15% over the past week, significantly outperforming the benchmark, and shows strong long-term growth with impressive quarterly results.
As of 27-Jun, Shraddha Prime Projects Ltd is experiencing a price increase, currently at Rs. 177.00, which reflects a rise of 7.0 or 4.12%. The stock has reached a new 52-week high today at Rs. 177.9 and has shown strong performance, gaining 22.15% over the past week and outperforming its sector by 3.24%. The stock has been on a consecutive gain streak for the last five days, and it opened with a gap up of 2.85% today. Additionally, the company has demonstrated impressive long-term growth, with net sales increasing at an annual rate of 325.60% and operating profit at 453.71%. Positive quarterly results have been consistent, with significant growth in profit before tax and profit after tax compared to previous averages, contributing to the stock's upward momentum.In the broader market context, the stock's recent performance has significantly outpaced the benchmark, with a 22.15% return over the past week compared to the Sensex's 2.00% increase. Year-to-date, Shraddha Prime has delivered a remarkable 58.85% return, far exceeding the Sensex's 7.58%. This strong performance is indicative of rising investor confidence and participation, as evidenced by a 34.07% increase in delivery volume against the five-day average. The stock's liquidity is also favorable, allowing for substantial trading activity, which further supports its upward trajectory.
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