Why is Ahluwalia Contr. falling/rising?
As of 18-Jul, Ahluwalia Contracts (India) Ltd's stock price is declining at 1,085.05, down 1.09%, with a troubling one-year return of -24.04%. Despite strong past performance, recent factors like a 58.05% drop in delivery volume and poor quarterly results have led to underperformance compared to the market.
As of 18-Jul, Ahluwalia Contracts (India) Ltd is experiencing a decline in its stock price, currently at 1,085.05, which reflects a decrease of 12.0 points or 1.09%. The stock has been underperforming, having fallen for three consecutive days with a total decline of 2.82%. Today's trading saw the stock reach an intraday low of Rs 1,067.15, and it has underperformed its sector by 0.44%. Despite a strong performance over the past week and month, with returns of 9.79% and 17.94% respectively, the stock has a troubling one-year return of -24.04%. Factors contributing to this recent decline include a significant drop in delivery volume, which fell by 58.05% compared to the five-day average, indicating reduced investor participation.In the broader market context, while the stock has shown strong returns over longer periods, such as a 139.63% increase over three years, its recent performance contrasts sharply with the benchmark, as it has underperformed the market significantly over the last year. The BSE500 index recorded a slight negative return of -0.36%, while Ahluwalia Contracts' return was much worse at -24.04%. Although the company has positive attributes such as a low debt-to-equity ratio and high institutional holdings, concerns about poor long-term growth and recent negative quarterly results have likely contributed to the stock's current downward trend.
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