Why is Shree Ganesh Rem falling/rising?
As of 18-Sep, Shree Ganesh Remedies Ltd's stock price is Rs 553.00, down 1.95%, and has underperformed its sector. The company faces negative sentiment due to disappointing financial results and a year-to-date return of -13.32%, contrasting with the Sensex's gain of 6.24%.
As of 18-Sep, Shree Ganesh Remedies Ltd is experiencing a decline in its stock price, currently at Rs 553.00, which reflects a decrease of Rs 11.00 or 1.95%. The stock has underperformed its sector by 3% today and has been on a downward trend for the last two days, accumulating a total drop of 2.62%. The stock reached an intraday low of Rs 531, marking a significant decline of 5.85%. Over the past week, it has fallen by 3.32%, and in the last month, the decline is even steeper at 9.20%. The company's recent financial performance has been disappointing, with a negative PAT and a significant drop in net sales, contributing to a negative sentiment among investors. Additionally, the stock is trading below all its moving averages, indicating a bearish trend.In the broader market context, while the Sensex has shown a positive return of 1.80% over the past week and 2.14% over the past month, Shree Ganesh Remedies Ltd has significantly lagged behind, highlighting its underperformance. The stock's year-to-date return stands at -13.32%, contrasting sharply with the Sensex's gain of 6.24%. The lack of interest from domestic mutual funds, which hold no stake in the company, further suggests a lack of confidence in its current valuation and business prospects. Overall, the combination of poor financial results, negative market sentiment, and underperformance relative to the benchmark has led to the stock's recent decline.
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