Why is Shri Niwas PP falling/rising?
As of 16-Sep, Shri Niwas Leasing & Finance Ltd Partly Paidup has seen a price increase to Rs. 11.46, up 4.95%, with a remarkable 111.83% return over the last 16 days and a new all-time high. The stock significantly outperformed its sector and the broader market, indicating strong investor sentiment.
As of 16-Sep, Shri Niwas Leasing & Finance Ltd Partly Paidup is experiencing a price increase, with its current price at Rs. 11.46, reflecting a rise of 0.54 or 4.95%. The stock has been on an upward trend, gaining for the last 16 days and achieving a remarkable 111.83% return during this period. Additionally, it has reached a new 52-week and all-time high today. The stock has significantly outperformed its sector by 4.67% and is trading above all key moving averages, indicating strong momentum. Unfortunately, there is no information available regarding positive or negative factors that could further explain the stock's recent movement.Broader Market Context: In the short term, the stock has shown impressive performance, with a 1-week return of 26.77%, which is substantially higher than the Sensex's return of 1.58% over the same period. Over the past month, the stock has surged by 82.19%, while the Sensex has only increased by 2.21%. This stark contrast highlights the stock's strong relative performance compared to the broader market, suggesting that investor sentiment towards Shri Niwas Leasing & Finance Ltd is particularly positive at this time.
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