Why is Aakash Explor. falling/rising?
As of 09-Sep, Aakash Exploration Services Ltd's stock price is declining at 10.09, down 2.13%, and has underperformed its sector and the broader market significantly. The company faces challenges with an 81.4% drop in profits over the past year and a negative return on equity, indicating weak long-term fundamentals.
As of 09-Sep, Aakash Exploration Services Ltd is experiencing a decline in its stock price, currently at 10.09, which reflects a decrease of 0.22 or 2.13%. The stock has underperformed its sector by 1.9% today and, while it is trading above its 100-day and 200-day moving averages, it is below its 5-day, 20-day, and 50-day moving averages. Over the past week, the stock has fallen by 2.61%, and its year-to-date return is down by 1.08%. The company has faced significant challenges, with a notable drop in profits of 81.4% over the past year, contributing to a substantial decline of 18.83% in stock value over the last year, indicating weak long-term fundamental strength.In the broader market context, the stock's performance has been notably worse than the benchmark, with the Sensex showing a positive return of 1.18% over the past week and a 5.18% increase year-to-date. This stark contrast highlights the stock's struggles, particularly as it has underperformed the market significantly over the last year, where the BSE500 index recorded a negative return of only 2.87%. The company's weak return on equity of 7.85% and a compounded annual growth rate (CAGR) of -23.93% in operating profits over the last five years further emphasize the challenges it faces in generating shareholder value, reinforcing the negative sentiment surrounding its stock.
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