Why is Varroc Engineer falling/rising?
As of 13-Aug, Varroc Engineering Ltd's stock price is at 512.00, down 1.35%, and has underperformed its sector today. Despite a strong long-term growth outlook, the stock has faced significant declines recently, including a 12.67% year-to-date drop, contrasting with the Sensex's gain.
As of 13-Aug, Varroc Engineering Ltd's stock price is currently at 512.00, reflecting a decrease of 7.0, or 1.35%. The stock has underperformed its sector by 2.97% today and has been on a downward trend, experiencing consecutive falls over the last two days with a total decline of 2.41%. In the past week, the stock has dropped by 3.37%, and over the past month, it has seen a significant decline of 9.19%. Additionally, the stock's delivery volume has decreased by 52.48% compared to the five-day average, indicating falling investor participation. Despite a healthy long-term growth outlook, with operating profit growing at an annual rate of 25.99%, the stock has faced challenges, including a 60.7% drop in profits over the past year, contributing to its recent price movement.In the broader market context, Varroc Engineering's recent performance contrasts with the Sensex, which has remained relatively flat with a change of -0.01% over the past week. While the stock has shown strong returns over a three-year period, outperforming the benchmark with a 53.82% increase compared to the Sensex's 35.45%, its year-to-date performance is notably poor, with a decline of 12.67% against the Sensex's gain of 3.07%. This disparity highlights the stock's struggles in the short term despite its potential for long-term growth, as indicated by its fair valuation and strong operating cash flow.
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