Why is Supreme Petroch. falling/rising?
As of 30-Oct, Supreme Petrochem Ltd's stock price is declining at 753.45, down 1.81%, with a total drop of 6.52% over the last four days. Despite strong fundamentals, recent profit falls and reduced investor interest are contributing to its underperformance.
As of 30-Oct, Supreme Petrochem Ltd is experiencing a decline in its stock price, currently at 753.45, which reflects a decrease of 13.85 points or 1.81%. The stock has underperformed its sector by 1.39% today and has been on a consecutive downward trend for the last four days, resulting in a total drop of 6.52% during this period. Additionally, the stock's performance over the past week shows a decline of 6.09%, while it has increased by 12.51% year-to-date. Despite a strong long-term fundamental strength indicated by a high average Return on Equity (ROE) of 30.06% and healthy operating profit growth, the stock's recent performance has been negatively impacted by a 25.3% fall in profits over the past year, leading to a fair valuation that may not justify its current premium compared to peers.In the broader market context, the Sensex has shown a slight decline of 0.18% over the past week, indicating that the overall market sentiment is relatively stable, but Supreme Petrochem's performance is notably weaker. The stock's recent trading activity has also shown a significant drop in investor participation, with delivery volume falling by 45.97% against the five-day average, suggesting reduced interest among investors. This lack of liquidity, combined with the stock trading below several key moving averages, further contributes to the downward pressure on its price. Overall, while the company has strong fundamentals, the recent negative trends in stock performance and investor engagement are driving the current decline.
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