Why is Shraddha Prime falling/rising?

Jul 18 2025 09:31 PM IST
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As of 18-Jul, Shraddha Prime Projects Ltd is priced at 177.70, down 1.99%. Despite a recent decline, the stock has shown strong long-term performance with a 263.95% increase over the past year and remains resilient compared to the broader market.
As of 18-Jul, Shraddha Prime Projects Ltd is currently priced at 177.70, reflecting a decrease of 3.6, or 1.99%. The stock has recently underperformed its sector by 1.5% and has experienced a trend reversal, falling after four consecutive days of gains. Despite this decline, the stock has shown strong performance over various periods, with a 4.50% increase over the past week and an impressive 263.95% rise over the last year. The company has consistently reported positive results for the last six quarters, with significant growth in net sales and operating profit, which supports a healthy long-term growth outlook. However, there has been a decrease in investor participation, as evidenced by a drop in delivery volume, which may contribute to the recent price decline.

In the broader market context, while the stock has outperformed the benchmark Sensex, which has seen a negative return of 0.90% over the past week, the recent price drop indicates a short-term correction after a period of strong gains. The stock's performance remains robust compared to the market, with a year-to-date return of 59.48% against the Sensex's 4.63%. This contrast highlights the stock's resilience and potential for recovery, despite the current downward movement.
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