Wednesday, November 6, 2024
HomesharePrudent Corporate Advisory: How This Share Rose by Rs 1000 in Last...

Prudent Corporate Advisory: How This Share Rose by Rs 1000 in Last Two Trading Days

Prudent Corporate Advisory: Last two trading days, this year have rules by approximately Rs.1600, making the owners trades one of the most profitable Investments in last 2 days.  

This news has been quite a bus maker around the market, and across the news portals majorly because of reaching an all-time high, with ballooning up its price over Rs 1000 despite being a midcap finance company. 

This midcap Finance Company is Prudent Corporate Advisory Services. 

How Price Rise over 1000 Occurred? 

The majority of analyst and new sporters including markets mojo have given a buy recommendation for Prudent Corporate Advisory Services, because of their recent trends where the stocks of company was traded higher than 5-day, 20-days, 50-days, 100-days and 200 day moving averages which have indicated a strong upgrade in its stock price. 

Will the Trend of Price Rise Would Continue? 

The trend of price rise in prudent corporate advisory services isn’t new, in the past year the company has outperformed Sensex by a significant margin.  

The one-year return of Prudent Corporate Advisory Services was 198.17% while the return of Sensex was only 24.81%.  

In long run, this fact oldest significant value for investors as this showcases the strong growth potential along with ability to deliver returns. 

Incorporating the recent upswing and positive market sentiment, Prudent Corporate Advisory Services have definitely amplifier its chances to ensure returns. 

As for Intraday, there are various factors which works simultaneously affecting the volatility of the stock, thus should be more of a personal call than over any other analysis. 

Details That Made The Price Rise by 1000 Possible 

These are the details that you can’t miss as they have played a crucial role in increasing the price of Prudent Corporate Advisory Services over 1000 in just 2 days  

All of it was majorly because off sales and net profit figures in the previous quarter. As the quarter ended on September 2024 the net profit of Prudent Corporate Advisory Services has rows 69.36% to 51.52 crores. In addition to it the sales figure Rose by 50.54% that is 286.08 crores, compare to previous year quarter of September where the net profit was 30.42 crore and Sales was 190.04 crore, because of this strong financial result for second quarter the uptick in companies stock price followed. In addition to it was expectation and market response which was quite positive towards Prudent Corporate Advisory Services that has contributed towards price rise. 

However, this expectation can be overly positive which can undergo for market corrections in future. This can be seen in the fact that by at the last minute of prudent, the stock Prudent Corporate Advisory Services have witnessed a drop around Rs 200. 

This Correction can continue tomorrow as well when market will open indicating preventive measure should be taken by the traders for the situation. 

All in all, Prudent Corporate Advisory Services have saw a strong financial performance in second quarter along with high market expectation leads to increase of 1000 rupees price in their stocks in just 2 trading days, however this can be a bubble which can burst in market correction as at the last minute of closing the stocks of Prudent Corporate Advisory Services have dropped by nearly 200 rupees, indicating a further market correction in next trading day. 

Disclaimer: Demat Dive is not giving any buying advice on any stock. Consult a SEBI registered advisor before investing anywhere.

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