Last Mile Enterprises Faces Persistent Weakness Amid Broader Market Recovery

Last Mile Enterprises, a microcap player in the Non-Banking Financial Company (NBFC) sector, has experienced significant volatility today, hitting a new 52-week low of Rs. 15.75. This decline marks a continuation of a downward trend, with the stock losing 1.36% over the past three days. Currently, Last Mile Enterprises is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating persistent weakness in its price performance.
In contrast, the broader market has shown resilience, with the Sensex recovering sharply after a negative opening, currently trading at 81,774.59, up 0.36%. Despite this market recovery, Last Mile Enterprises has underperformed significantly over the past year, with a staggering decline of 78.85%, compared to the Sensex's marginal gain of 0.04%.

Financially, the company reported a remarkable growth in net sales of 109.62% and a substantial increase in profit after tax (PAT) of 286.20% over the last six months. However, the company’s operating losses and weak long-term fundamental strength raise concerns about its valuation, which is deemed expensive with a price-to-book ratio of 1.5.