Why is Source Natural falling/rising?
As of 13-Aug, Source Natural Foods & Herbal Supplements Ltd is seeing a price increase to Rs 151.30, up 8.07%. The stock has shown strong short-term performance, with significant gains and positive financial results, indicating a potential recovery despite a year-to-date decline.
As of 13-Aug, Source Natural Foods & Herbal Supplements Ltd is experiencing a price increase, currently at Rs 151.30, reflecting a rise of Rs 11.3 or 8.07%. The stock has shown strong performance today, outperforming its sector by 6.58% and achieving a consecutive gain over the last two days with an overall return of 8.85%. It opened with a significant gap up of 9.32% and reached an intraday high of Rs 153.05. Additionally, the stock has demonstrated positive momentum with a notable increase in delivery volume, which rose by 63.49% against the 5-day average. The company has reported positive results for the last seven consecutive quarters, with net sales growing by 87.93% in the latest six months, contributing to its attractive valuation despite a weak long-term fundamental strength indicated by a 15.72% CAGR growth in operating profits over the last five years.In the broader market context, the stock's short-term return of +7.15% over the past week contrasts sharply with the Sensex, which has remained nearly flat at -0.01%. While the stock has underperformed on a year-to-date basis with a decline of -21.61%, its recent performance indicates a recovery trend, particularly in the short term. The stock's PEG ratio of 0.5 suggests it is undervalued compared to its peers, which may attract investor interest despite its overall negative return of -9.43% over the past year. This combination of strong recent performance, positive financial results, and attractive valuation metrics contributes to the stock's rising price.
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