Why is SKM Egg Prod. falling/rising?
As of 22-Aug, SKM Egg Products Export (India) Ltd is experiencing a price increase to 333.00, reflecting a strong recent performance with a 16.43% rise over the past month and a year-to-date increase of 32.33%. Despite some short-term volatility, heightened investor interest and adequate liquidity support the stock's upward trajectory.
As of 22-Aug, SKM Egg Products Export (India) Ltd is experiencing a price increase, currently at 333.00, reflecting a rise of 6.5 or 1.99%. The stock has shown strong performance recently, gaining 4.03% over the last two days and outperforming its sector by 2.65%. Over the past month, the stock has increased by 16.43%, and it has demonstrated impressive long-term growth with a year-to-date increase of 32.33% and a three-year return of 370.01%. Additionally, there has been a notable rise in investor participation, with delivery volume increasing by 153.7% compared to the five-day average, indicating heightened interest in the stock.In the broader market context, while the stock has outperformed the benchmark Sensex over the past month, which has declined by 1.07%, it has also shown a negative return of 2.07% over the past week compared to the Sensex's gain of 0.88%. This suggests that while the stock is currently on an upward trajectory, it has faced some short-term volatility. The liquidity of the stock remains adequate, supporting its trading activity, which is crucial for maintaining investor confidence. Overall, the combination of strong recent performance, increased investor interest, and favorable long-term returns contributes to the stock's rising price.
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