Why is Suraksha Diagno. falling/rising?
As of 24-Sep, Suraksha Diagnostic Ltd's stock price is Rs 311.25, down 1.36%, with a year-to-date decline of 17.13%. Despite strong long-term growth prospects and high institutional backing, recent performance has lagged behind the market, indicating reduced investor participation.
As of 24-Sep, Suraksha Diagnostic Ltd's stock price is currently at Rs 311.25, reflecting a decrease of Rs 4.3 or 1.36%. The stock has been underperforming recently, having fallen consecutively for the last two days, resulting in a total decline of 2.54% during this period. Additionally, the stock has experienced a significant drop of 17.13% year-to-date, contrasting with the Sensex, which has gained 4.58% in the same timeframe. The stock's performance today has also been below sector expectations, underperforming by 0.74%. Furthermore, the delivery volume has decreased by 53.24% compared to the five-day average, indicating falling investor participation.In the broader market context, Suraksha Diagnostic Ltd's short-term performance has lagged behind the benchmark, with a one-week return of -4.23% compared to the Sensex's -1.18%. Despite the recent declines, the company has a low debt-to-equity ratio and healthy long-term growth prospects, with operating profit increasing at an annual rate of 89.29%. Additionally, the stock benefits from high institutional holdings at 36.32%, suggesting that knowledgeable investors are backing the company. However, the combination of recent price declines and reduced trading activity may be contributing to the stock's current downward trajectory.
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