Why is 3P Land Hold. falling/rising?
As of 23-Sep, 3P Land Holdings Ltd's stock price is declining at 45.69, down 1.32%, and has underperformed its sector. Despite a 21.78% return over the past year, weak fundamentals and declining investor interest indicate ongoing challenges for the stock.
As of 23-Sep, 3P Land Holdings Ltd is experiencing a decline in its stock price, currently at 45.69, which reflects a decrease of 0.61 or 1.32%. Today's price summary indicates that the stock has underperformed its sector by 0.7% and has fallen after three consecutive days of gains. The stock's performance over the last week shows a slight increase of 0.22%, but it has significantly underperformed over the past month with a decline of 5.36%. Despite generating a return of 21.78% over the past year, the stock's long-term fundamentals are weak, as indicated by an average Return on Equity (ROE) of 1.48% and a high Price to Book Value ratio of 0.6, suggesting it is trading at a premium compared to its peers. Additionally, the recent flat results and a significant drop in delivery volume by 53.35% against the 5-day average indicate declining investor interest.In the broader market context, the Sensex has shown a slight decline of 0.34% over the past week, which contrasts with the stock's minor gain during the same period. However, the stock's year-to-date performance is notably poor, with a decline of 22.62%, while the benchmark has increased by 5.07%. This disparity highlights the stock's struggles relative to the market, further compounded by weak long-term growth and a lack of investor participation. The overall market conditions do not favor the stock, as it continues to face challenges that contribute to its recent price decline.
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