Why is Aakash Explor. falling/rising?
As of 15-Sep, Aakash Exploration Services Ltd's stock price is at 9.97, down 0.3%, and has significantly underperformed its sector and the broader market. Despite a favorable ROCE of 10.5, the company has seen an 81.4% drop in profits over the past year, resulting in a substantial annual return of -20.75%.
As of 15-Sep, Aakash Exploration Services Ltd is experiencing a decline in its stock price, currently at 9.97, reflecting a decrease of 0.03 or 0.3%. The stock has underperformed its sector by 0.54% today and has shown negative returns over various periods, including a 3.30% drop over the past week and a 4.32% decline over the past month. Despite being higher than the 100-day and 200-day moving averages, it is lower than the 5-day, 20-day, and 50-day moving averages. The company's return on capital employed (ROCE) stands at 10.5, indicating a very attractive valuation, yet its profits have fallen significantly by 81.4% over the past year, contributing to a substantial annual return of -20.75%. In the broader market context, Aakash Exploration has underperformed compared to the Sensex, which has gained 1.20% over the past week and 1.78% over the past month. The stock's long-term fundamental strength is weak, with a compound annual growth rate (CAGR) of -23.93% in operating profits over the last five years, and a low average return on equity of 7.85%. This underperformance is further highlighted by the fact that while the broader market (BSE500) has seen a negative return of -3.45% in the last year, Aakash Exploration's stock has fallen much more sharply, reinforcing the perception of its declining value in the market.
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