Why is Sugal & Damani falling/rising?
As of 08-Aug, Sugal & Damani Share Brokers Ltd is priced at Rs 99.40, having increased by 1.74% today, but it has underperformed recently with a weekly return of -5.65%. Despite short-term declines, the stock shows strong year-to-date and annual returns of 23.85% and 166.27%, respectively, indicating resilience amid broader market volatility.
As of 08-Aug, Sugal & Damani Share Brokers Ltd is currently priced at Rs 99.40, reflecting an increase of Rs 1.7 or 1.74%. Despite this positive movement today, the stock opened with a significant loss of 4.96%, reaching an intraday low of Rs 92.85. The stock has underperformed in the short term, with a weekly return of -5.65% and a monthly return of -3.64%. However, it has shown strong performance year-to-date with a return of 23.85% and an impressive annual return of 166.27%. The stock's trading volume has decreased, with a delivery volume drop of 28.45% compared to the 5-day average, indicating falling investor participation. Additionally, while the stock is trading above its 100-day and 200-day moving averages, it is below its 5-day, 20-day, and 50-day moving averages, suggesting mixed momentum.In the broader market context, Sugal & Damani's recent performance contrasts with the benchmark Sensex, which has seen a decline of 0.92% over the past week and a 4.60% drop over the past month. The stock's ability to outperform its sector by 2.45% today indicates some resilience despite the overall market conditions. The significant year-to-date and yearly returns highlight a strong long-term performance, but the recent short-term declines suggest that investors may be reacting to current market volatility or specific company factors that have not been detailed in the provided data.
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