Why is Adhbhut Infra. falling/rising?
As of 11-Sep, Adhbhut Infrastructure Ltd's stock price is at 18.35, down 0.86%. The stock has significantly underperformed its sector and the broader market, with a year-to-date decline of 14.09% and a concerning drop in investor participation.
As of 11-Sep, Adhbhut Infrastructure Ltd's stock price is currently at 18.35, reflecting a decrease of 0.16, or 0.86%. The stock has underperformed its sector today by 0.64%, and while it is higher than its 5-day and 20-day moving averages, it remains lower than its 50-day, 100-day, and 200-day moving averages. The stock has shown a negative trend over the past month, with a return of -0.81%, and a significant decline of -14.09% year-to-date. The company's negative book value and weak long-term fundamental strength, highlighted by a poor EBIT to Interest ratio of -0.15 and a drastic fall in profits by 111% over the past year, contribute to its current downward movement.In the broader market context, the stock's performance has been notably weaker compared to the benchmark, with a one-year return of -26.60% against the market's slight decline of -2.29%. This stark contrast indicates that while the overall market has faced challenges, Adhbhut Infrastructure Ltd has struggled significantly more, reflecting investor concerns about its financial health and operational performance. The falling investor participation, evidenced by a 97.58% drop in delivery volume, further underscores the lack of confidence in the stock, contributing to its current decline.
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