Popular Vehicles & Services Stock Hits All-Time Low Amidst Financial Concerns

Popular Vehicles & Services has experienced significant volatility, recently touching an all-time low. The stock is currently trading close to its 52-week low, just 1.15% away from Rs 94.8. Today, it reached an intraday high of Rs 101.9, reflecting a 4.62% increase, but ultimately closed down by 1.54%, underperforming the Sensex, which gained 0.42%.
Over the past week, the stock has declined by 3.62%, and its performance over the last month shows a steep drop of 15.62%. In the past year, Popular Vehicles has faced a staggering decline of 61.96%, contrasting sharply with the Sensex's positive return of 6.33%. The company's recent financial results have raised concerns, with a reported PAT of Rs -9.76 crore, marking a significant decline of 179.6% compared to previous quarters.

Despite these challenges, the company has shown healthy long-term growth, with net sales increasing at an annual rate of 15.20% and operating profit at 18.30%. Additionally, it boasts a return on capital employed (ROCE) of 10.1, indicating an attractive valuation. The stock's technical indicators suggest a bearish trend, reflecting ongoing market challenges.