Why is Acrow India falling/rising?
As of 26-Sep, Acrow India Ltd is priced at 690.40, down 1.99%. The stock has poor fundamentals, significant operating losses, and a negative EBIT to Interest ratio, contributing to its decline despite some recent outperformance against the Sensex.
As of 26-Sep, Acrow India Ltd is currently priced at 690.40, reflecting a decline of 14.05 points or 1.99%. The stock has shown erratic trading patterns, having not traded on one day out of the last twenty, and its delivery volume has significantly decreased by 93.55% compared to the five-day average. Despite outperforming its sector by 0.3% today, the stock's performance over the past year has been poor, with a return of -4.91%. The company is facing significant challenges, including operating losses and a weak ability to service its debt, as indicated by a negative EBIT to Interest ratio of -1.57 and negative ROCE. These factors contribute to the stock's recent downward movement.In the broader market context, Acrow India has outperformed the Sensex over the past week and month, with returns of +2.87% and +1.78%, respectively, while the Sensex has declined by -2.66% and -0.45%. However, the stock's year-to-date performance is concerning, showing a decline of -13.70% compared to the Sensex's increase of +2.93%. The engineering sector, in which Acrow operates, has also faced a downturn, falling by -2.28%. Overall, the combination of weak fundamentals, declining investor participation, and sector-wide challenges are contributing to the stock's negative trajectory.
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