Why is Advance Meter. falling/rising?
As of 20-Jun, Advance Metering Technology Ltd's stock price is declining at 26.09, down 2.69%, with a year-to-date loss of 33.76%. The company has reported negative financial results and poor operational metrics, leading to decreased investor confidence and significant underperformance compared to the broader market.
As of 20-Jun, Advance Metering Technology Ltd is experiencing a decline in its stock price, currently at 26.09, which represents a decrease of 0.72 or 2.69%. The stock has been underperforming, having lost 6.62% over the last three days and showing a performance today that is 4.26% below its sector. Additionally, the stock has reported negative returns of 33.76% year-to-date and 31.86% over the past year, indicating a significant downturn. The company has also declared negative results for the last three consecutive quarters, with a PAT of Rs -7.10 crore, contributing to its weak long-term fundamental strength. The company's ability to service its debt is concerning, as evidenced by a poor EBIT to Interest ratio of -6.01 and negative ROCE, which further exacerbates investor sentiment.In the broader market context, the stock's recent performance contrasts sharply with the Sensex, which has gained 1.59% over the past week and 5.46% year-to-date. This underperformance highlights the stock's struggles relative to the market, particularly as it has generated a return of -31.86% in the last year while the benchmark has seen a positive return of 6.36%. The falling investor participation, with a significant drop in delivery volume, suggests a lack of confidence among investors, further contributing to the stock's decline. Overall, the combination of poor financial results, weak operational metrics, and negative market sentiment has led to the stock's downward trajectory.
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