Why is UltraTech Cem. falling/rising?
As of 14-Aug, UltraTech Cement Ltd's stock price is Rs 12,298.00, down 0.8%. Despite recent short-term declines, the stock has strong long-term growth, with a year-to-date increase of 7.69% and a 206.68% rise over five years, supported by solid fundamentals and investor confidence.
As of 14-Aug, UltraTech Cement Ltd's stock price is currently at Rs 12,298.00, reflecting a decrease of Rs 98.65, or 0.8%. The stock has been underperforming recently, having fallen for the last two days with a total decline of 1.39%. Despite this short-term drop, the stock has shown strong performance over the longer term, with a year-to-date increase of 7.69% and a remarkable 206.68% rise over the past five years. The stock is currently close to its 52-week high, just 3.37% away, and has a healthy delivery volume, indicating rising investor participation. The company benefits from a low Debt to EBITDA ratio of 0.72 times and has demonstrated consistent growth in net sales, which has increased at an annual rate of 15.13%. Additionally, high institutional holdings at 32.63% suggest that informed investors have confidence in the company's fundamentals.In the broader market context, UltraTech Cement's recent performance has been slightly better than the benchmark Sensex over the past week, where the stock gained 0.08% compared to a slight decline of 0.03% for the index. However, over the past month, the stock has underperformed the benchmark, with a decline of 1.53% against the Sensex's 2.01% drop. This indicates that while the stock is facing some short-term challenges, its long-term growth prospects remain strong, supported by its significant market capitalization and consistent returns over the past three years, outperforming the BSE500 in each of those periods.
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