Why is Winsome Textile falling/rising?
As of 24-Sep, Winsome Textile Industries Ltd is priced at 94.91, having increased by 1.5% recently, but it has declined 6.95% year-to-date. Despite weaker overall performance compared to the benchmark Sensex, the stock shows attractive valuation metrics and strong institutional backing.
As of 24-Sep, Winsome Textile Industries Ltd is currently priced at 94.91, reflecting an increase of 1.4 or 1.5%. The stock has been gaining over the last two days, with a total return of 1.75% during this period. It outperformed its sector by 1.93% today and reached an intraday high of Rs 95.7, which is a 2.34% increase. However, the stock has shown a decline of 1.55% over the past week and a significant drop of 6.95% year-to-date. Despite this, the company has a very attractive valuation with a return on capital employed (ROCE) of 14.9 and a low PEG ratio of 0.2, indicating that its profits have risen by 33.9% over the past year, even as the stock price has decreased.In the broader market context, Winsome Textile's recent performance contrasts with the benchmark Sensex, which has declined by only 1.18% over the past week. While the stock has outperformed the sector today, its year-to-date performance is notably weaker than the Sensex's gain of 4.58%. Additionally, there has been a decline in investor participation, with delivery volume falling by 57.67% compared to the five-day average, which may indicate reduced interest among retail investors. However, the high institutional holdings at 25.67% suggest that more knowledgeable investors are backing the stock, potentially stabilizing its price despite the broader market challenges.
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