Why is Afcons Infrastr. falling/rising?
As of 04-Aug, Afcons Infrastructure Ltd's stock price is declining at 405.00, down 0.21%, and has underperformed its sector. Despite a modest weekly gain, it has a significant year-to-date decline of 25.80%, compounded by disappointing financial results and high pledged promoter shares.
As of 04-Aug, Afcons Infrastructure Ltd is experiencing a decline in its stock price, currently at 405.00, reflecting a decrease of 0.85 or 0.21%. The stock has underperformed its sector today by 1.09%, and while it is higher than its 5-day moving average, it remains below the 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has shown a modest gain of 1.16%, but it has significantly underperformed over the past month with a decline of 5.55%. The company has also seen a notable drop in investor participation, with delivery volume falling by 43.27% compared to the 5-day average. Despite high management efficiency indicated by a return on capital employed (ROCE) of 17.70% and a very attractive valuation, the stock's long-term growth prospects are poor, with net sales growing at only 0.10% annually over the last five years.Broader market context shows that while the Sensex has gained 0.16% over the past week, Afcons Infrastructure's performance has been lackluster, particularly with a year-to-date decline of 25.80% compared to the Sensex's increase of 3.69%. The stock's negative performance is compounded by disappointing financial results, including a significant drop in profit after tax and low operating profit to interest ratios. Additionally, the increasing proportion of pledged promoter shares, now at 53.5%, adds downward pressure on the stock in a falling market, further contributing to its recent struggles.
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