Why is Suraksha Diagno. falling/rising?
As of 23-Oct, Suraksha Diagnostic Ltd's stock price is 311.85, having increased by 0.58% and showing a strong upward trend over the past week with an 8.83% total return. Despite a year-to-date decline of 16.97%, recent positive momentum and high institutional holdings indicate potential for recovery.
As of 23-Oct, Suraksha Diagnostic Ltd's stock price is currently at 311.85, reflecting an increase of 1.8, or 0.58%. The stock has been on an upward trend, gaining for the last seven days with a total return of 8.83% during this period. It has outperformed its sector by 2.3% today. Additionally, the stock's performance over the past week shows a return of +5.44%, while it has underperformed over the past month with a return of -1.17%. The company maintains a low Debt to Equity ratio and has demonstrated healthy long-term growth, with operating profit increasing at an annual rate of 89.29%. Furthermore, high institutional holdings at 35.7% suggest strong investor confidence, contributing positively to the stock's recent performance.In the broader market context, Suraksha Diagnostic Ltd's short-term performance of +5.44% over the past week significantly outpaces the Sensex, which has only increased by +1.30% in the same timeframe. However, the stock has struggled year-to-date, showing a decline of -16.97%, while the Sensex has risen by +8.21%. This contrast highlights the stock's volatility and potential for recovery, particularly given the recent positive momentum and increased investor participation, as evidenced by a 55.26% rise in delivery volume against the five-day average.
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