Why is SKM Egg Prod. falling/rising?
As of 03-Jul, SKM Egg Products Export (India) Ltd is currently priced at 270.00, reflecting a 2.64% increase and outperforming its sector. Despite strong short-term performance, the stock's long-term outlook is concerning due to six consecutive quarters of negative results and declining profits.
As of 03-Jul, SKM Egg Products Export (India) Ltd is experiencing a price increase, currently at 270.00, reflecting a rise of 6.95 or 2.64%. The stock has outperformed its sector by 2.42% today and opened with a gain of 2.64%. It reached an intraday high of Rs 274.2, which is a 4.24% increase. Over the past week, the stock has shown a return of +9.31%, significantly outperforming the Sensex, which has declined by -0.62%. Additionally, the stock has demonstrated strong long-term growth, with an annual operating profit growth rate of 54.57%, and is trading at a discount compared to its peers. However, it is important to note that the company has reported negative results for the last six consecutive quarters, including a significant drop in profits by -59.5% over the past year.In the broader market context, while the stock has shown strong performance in the short term, the Sensex has only increased by +3.10% over the past month. This indicates that SKM Egg Products is not only performing well relative to its own historical benchmarks but also significantly outpacing the broader market. Despite the positive short-term movements, the stock's long-term outlook is clouded by its recent negative financial results and the lack of investment from domestic mutual funds, which may suggest caution among institutional investors.
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