GHCL LIMITED delivered stellar performance on Friday. It gained +1.77% to close at 258.8. On a day when the overall market breadth was 71%, it closed higher than 91% of the market. In comparison, the benchmark NIFTY-50 index closed today at +0.02%.
GHCL is currently in a up trend. Over the last three months 2 bullish signals in GHCL have generated a profit of +5.96% for investors.
GHCL has been outperforming the NIFTY-50 index in recent time. Over the last 3 years and 1 month, GHCL outperformed the NIFTY-50 index on 48% days. Which indicates that on days GHCL outperforms the NIFTY-50 index, it's performance is marginally better than on the days it underperforms the NIFTY-50 index.
GHCL returned losses on 51% days in the last three months. During this time, it delivered on average +0.37% per day. It delivered it's best daily return of +9.58%, during this period, on Wednesday, 31 Oct, 2018. There was initially a bearish trend during this period which started on 22 Oct, 2018 and went on till 26 Oct, 2018. The trend delivered -8.14% losses to investors. This was followed by a bullish trend that started on 10 Dec, 2018 and ended on 17 Dec, 2018. This bullish trend delivered +10.74% to investors.
On monthly basis, GHCL delivered profits and losses in equal number of months. GHCL delivered profits in more months than NIFTY-50 index. GHCL was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Sep 2018, returned -15.06% compared to -6.42% returned by NIFTY-50 index in Sep 2018. GHCL and NIFTY-50 index, both had periods of 2 consecutive profitable months. It is interesting to note that both GHCL and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
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GHCL is becoming less volatile overall. In comparison, the NIFTY-50 index is seeing a fall in volatility. During the last three months, there was a significant fall in GHCL's volatility from 31 Oct, 2018 to 16 Jan, 2019. While there was a significant fall in the NIFTY-50 index's volatility from 31 Oct, 2018 to 5 Dec, 2018.
Advanced/professional short-term investors should note that GHCL has significant negative skewness in it's return distribution. This indicates that GHCL is very risky for short-term investment and can significantly underperform for long durations.
NIFTY-50 index has more chance of extreme outcomes than GHCL. Therefore, NIFTY-50 must receive a lower allocation than GHCL in your portfolio. NIFTY-50 index usually has shorter drawdown period than GHCL.
On a general note (since you are interested in GHCL), three large cap instruments that deserve special mention are BRITANNIA, TORNTPHARM and INFY. They have all outperformed the market and must be closely watched for investment opportunities.
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