Why is Summit Securitie falling/rising?
As of 06-Oct, Summit Securities Ltd's stock price is declining at 2,240.50, down 1.83%, and has underperformed its sector. Despite a recent increase in investor participation, the company's weak fundamentals and negative sentiment have led to a significant decline over the past year.
As of 06-Oct, Summit Securities Ltd is experiencing a decline in its stock price, currently at 2,240.50, which reflects a decrease of 41.85 or 1.83%. The stock has underperformed its sector by 3.04% today and has seen a trend reversal after three consecutive days of gains. It touched an intraday low of Rs 2235, indicating a drop of 2.07%. Over the past week, the stock has gained 5.25%, but it has underperformed over the last month with a return of -0.70%. Despite a significant rise in investor participation, with delivery volume increasing by 171.93% against the five-day average, the stock's long-term fundamentals appear weak, as indicated by a low return on equity (ROE) of 0.8 and poor growth in net sales and operating profit.In the broader market context, while the Sensex has gained 1.77% over the past week, Summit Securities has lagged behind, reflecting a negative sentiment among investors. The stock's performance over the past year shows a decline of 15.78%, significantly worse than the market's overall negative return of -1.93%. This underperformance, coupled with the low stake held by domestic mutual funds, suggests a lack of confidence in the company's future prospects. The stock is trading at a discount compared to its peers, but the weak fundamentals and flat results in recent financial reports have contributed to its current price decline.
{{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
