Why is Affordable Robo. falling/rising?
As of 16-Jul, Affordable Robotic & Automation Ltd's stock price is Rs 499.20, up 1.51% today, with strong short-term performance but a year-to-date decline of 23.76%. Despite recent gains, long-term fundamentals are weak, and cautious institutional sentiment may impact future performance.
As of 16-Jul, Affordable Robotic & Automation Ltd's stock price is currently at Rs 499.20, reflecting an increase of Rs 7.45 or 1.51%. The stock has shown strong performance today, outperforming its sector by 1.15% and reaching an intraday high of Rs 518.4, which is a 5.42% increase. Over the past week, the stock has risen by 1.68%, and over the past month, it has increased by 9.97%. However, despite these short-term gains, the stock has a year-to-date decline of 23.76% and a one-year decline of 9.07%. The company's net sales, profit before tax, and profit after tax have all shown significant growth compared to previous quarters, indicating strong recent performance, but the long-term fundamentals remain weak, with a low return on capital employed and high debt levels.In the broader market context, while the Sensex has declined by 1.08% over the past week, Affordable Robotic & Automation Ltd has managed to rise, indicating a relative strength against the benchmark. However, the stock's long-term performance is concerning, with a significant drop in year-to-date returns compared to the Sensex's increase of 5.75%. The lack of domestic mutual fund investment suggests a cautious outlook from institutional investors, which may weigh on the stock's future performance despite its recent gains.
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