Why is Websol Energy falling/rising?
As of 26-Jun, Websol Energy System Ltd's stock price is 1,349.45, having increased by 1.81% today. The stock has shown strong long-term growth with a 126.93% return over the past year, despite some recent short-term volatility.
As of 26-Jun, Websol Energy System Ltd's stock price is currently at 1,349.45, reflecting an increase of 24.0 or 1.81%. The stock has shown strong performance today, outperforming its sector by 1.59% and has been on a gaining streak for the last three days, accumulating a total return of 12.24% during this period. It opened with a significant gain of 4.12% and reached an intraday high of Rs 1391.7, which is a 5% increase. Despite a recent decline in delivery volume, the stock has demonstrated impressive long-term growth, with an annual operating profit growth rate of 85.08% and consistent positive results over the last four quarters, contributing to its recent upward movement.In the broader market context, Websol Energy's short-term return of +15.14% over the past week significantly outpaces the Sensex's return of +2.94% during the same period. While the stock has experienced a decline of 2.58% over the past month, its long-term performance remains robust, with a remarkable 126.93% return over the last year and an extraordinary 1500.77% increase over the past three years. This strong historical performance, coupled with recent positive financial results, has likely contributed to the stock's rising price despite some short-term volatility.
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