Why is Source Natural falling/rising?
As of 26-Aug, Source Natural Foods & Herbal Supplements Ltd's stock price is Rs 136.40, down 2.57%, following a trend reversal after previous gains. Despite positive quarterly results, the stock has underperformed long-term and is facing negative sentiment due to declining investor participation and poor returns.
As of 26-Aug, Source Natural Foods & Herbal Supplements Ltd is experiencing a decline in its stock price, currently at Rs 136.40, reflecting a decrease of Rs 3.6 or 2.57%. Today's price summary indicates that the stock opened with a gain of 7.07% but has since fallen, marking a trend reversal after two consecutive days of gains. The stock has traded within a wide range of Rs 14, reaching an intraday high of Rs 149.9 and a low of Rs 135.9. Additionally, the stock has underperformed its sector by 0.77% today and is trading below all key moving averages. Despite positive results over the last seven quarters and significant growth in net sales, the stock's long-term performance remains weak, with a return of -36.53% over the past year and a 12.71% CAGR growth in operating profits over the last five years.In the broader market context, the stock's short-term performance has been slightly worse than the benchmark, with a 1-week return of -1.16% compared to the Sensex's -1.05%. This underperformance is compounded by a significant drop in investor participation, with delivery volume falling by 92.37% against the 5-day average. Although the company has attractive valuations and has shown profit growth, the overall sentiment is negative due to its poor long-term returns and underperformance relative to the BSE500. Consequently, these factors contribute to a bearish outlook for the stock, leading to its current decline.
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