Why is Steel Str. Wheel falling/rising?
As of 02-Sep, Steel Strips Wheels Ltd is priced at 223.20, down 0.56%, but has shown positive weekly and monthly returns of 4.40% and 2.81%, respectively. Despite recent declines, investor interest is rising, and the company's fundamentals remain strong, although it has underperformed over the past year.
As of 02-Sep, Steel Strips Wheels Ltd is currently priced at 223.20, reflecting a decrease of 1.25 or 0.56%. The stock has underperformed its sector today by 0.82% and has experienced a trend reversal, falling after two consecutive days of gains. Despite this recent decline, the stock has shown positive performance over the past week and month, with returns of 4.40% and 2.81%, respectively. The stock is trading above its 5-day, 20-day, and 200-day moving averages, but below its 50-day and 100-day moving averages. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 73.43% against the 5-day average, indicating growing interest. However, the stock has generated a negative return of 2.08% over the past year, coinciding with a slight decline in profits.In the broader market context, the Sensex has declined by 0.78% over the past week and 0.55% over the past month, indicating that Steel Strips Wheels Ltd's short-term performance is relatively strong compared to the benchmark. The company's fundamentals remain solid, with high management efficiency reflected in a return on capital employed (ROCE) of 17.04% and healthy long-term growth in net sales and operating profit. Institutional investors have increased their stake, suggesting confidence in the company's future prospects. However, the stock's recent price movement may be influenced by its current valuation, which, while attractive compared to peers, has not translated into positive returns over the past year.
{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)
{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
Our weekly and monthly stock recommendations are here
Loading...
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Target Price
{{sm.target_price }}
({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
₹{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News
Most Read
