Setco Automotive Faces Volatility Amidst Broader Market Resilience and Long-Term Declines

Setco Automotive, a microcap player in the Auto Components & Equipment industry, has experienced significant fluctuations in its stock performance recently. With a market capitalization of Rs 206.00 crore, the company has reported a P/E ratio of -1.81, contrasting sharply with the industry average of 36.65.
Over the past year, Setco Automotive has shown a performance increase of 21.39%, significantly outpacing the Sensex, which rose by only 1.04%. However, the stock has faced challenges in the short term, with a decline of 4.94% today, while the Sensex gained 0.84%. The one-week performance also reflects a downward trend, with a decrease of 3.14% compared to the Sensex's modest rise of 0.83%.

In the broader context, Setco Automotive's performance over the last month, three months, and year-to-date has been negative, with declines of 12.31%, 22.82%, and 20.67%, respectively. In contrast, the Sensex has shown resilience, particularly year-to-date with a gain of 4.01%. Long-term performance metrics reveal a stark contrast, with a 10-year decline of 67.39% for Setco Automotive against a remarkable 192.02% increase in the Sensex.

Technical indicators suggest a mixed outlook, with bearish signals in the weekly MACD and moving averages, while monthly indicators show some bullish tendencies.