Why is Shraddha Prime falling/rising?
As of 22-Jul, Shraddha Prime Projects Ltd's stock price is Rs 171.00, down 1.81% and has fallen for three consecutive days, totaling a 5.68% drop. Despite recent declines, the stock has shown significant long-term growth with a 217.84% return over the past year, although reduced investor participation may be impacting its short-term performance.
As of 22-Jul, Shraddha Prime Projects Ltd is experiencing a decline in its stock price, currently at Rs 171.00, which represents a decrease of Rs 3.15 or 1.81%. The stock has underperformed its sector by 1.67% today and has been on a consecutive fall for the last three days, totaling a drop of 5.68% during this period. Despite this recent downturn, the stock has shown impressive long-term growth, with a 217.84% return over the past year, significantly outperforming the market's return of 2.09%. The company has also reported strong financial performance, with net sales growing at an annual rate of 325.60% and operating profit increasing by 453.71%. However, a notable decline in investor participation, with delivery volume dropping by 56.97% compared to the five-day average, may be contributing to the stock's recent price decline.In the broader market context, the stock's short-term performance has been notably weaker than the benchmark, with a 1-week return of -3.34% compared to the Sensex's -0.47%. While the stock has demonstrated robust long-term growth and has consistently reported positive results over the last six quarters, the recent price movement suggests a temporary setback, possibly influenced by reduced trading activity and investor interest. The stock remains above its longer-term moving averages, indicating that while it may be facing short-term challenges, its overall trajectory has been strong.
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