Why is Shukra Pharma. falling/rising?
As of 20-Oct, Shukra Pharmaceuticals Ltd's stock price is Rs. 37.97, up 1.99%, and has reached a new 52-week high after eight consecutive days of gains, totaling a 17.05% return. However, a 77.12% drop in delivery volume raises concerns about the sustainability of this upward trend despite strong overall returns.
As of 20-Oct, Shukra Pharmaceuticals Ltd is experiencing a price increase, with its current price at Rs. 37.97, reflecting a rise of 0.74 or 1.99%. The stock has reached a new 52-week high today and has been on a consecutive gain streak for the last eight days, accumulating a total return of 17.05% during this period. Additionally, the stock has significantly outperformed the sector by 1.31%. Over various time frames, Shukra Pharmaceuticals has shown impressive returns, including a year-to-date increase of 178.43% and a staggering 425.25% rise over the past year. However, it is important to note that there has been a decline in investor participation, with delivery volume dropping by 77.12% against the 5-day average.Broader market context indicates that while Shukra Pharmaceuticals has outperformed the Sensex in the short term, with a weekly return of 10.35% compared to the Sensex's 2.47%, the overall market has shown modest gains. The stock's liquidity remains adequate for trading, as it is based on 2% of the 5-day average traded value. Despite the positive price movement and strong returns, the significant drop in delivery volume may raise concerns about the sustainability of this upward trend in the stock price.
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