Why is Sri Chakra Cem. falling/rising?
As of 06-Oct, Sri Chakra Cement Ltd's stock price is at Rs. 95.45, marking a 2.0% increase and reaching a new all-time high. The stock has shown strong performance with a 46.51% return over the last 12 days and has significantly outperformed the Sensex across various time frames.
As of 06-Oct, Sri Chakra Cement Ltd's stock price is rising, currently at Rs. 95.45, reflecting an increase of Rs. 1.87 or 2.0%. The stock has reached a new 52-week and all-time high today, and it has been on a consecutive gain streak for the last 12 days, resulting in a remarkable 46.51% return during this period. Additionally, the stock has outperformed its sector by 1.92% today and is trading above all major moving averages, indicating strong upward momentum. Rising investor participation is also evident, with a 6.61% increase in delivery volume compared to the 5-day average, contributing positively to the stock's recent performance. There are no negative factors reported that could impact the stock's movement.Broader market context shows that Sri Chakra Cement Ltd has significantly outperformed the benchmark Sensex over various periods, with a 1-week return of 8.22% compared to the Sensex's 1.77%, and a 1-month return of 13.60% against the Sensex's 1.34%. Year-to-date, the stock has an extraordinary return of 2792.42%, while the Sensex has only gained 4.67%. This stark contrast in performance highlights the stock's strong position in the market, reinforcing the positive sentiment among investors and contributing to its rising price.
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