Why is Ahluwalia Contr. falling/rising?
As of 24-Jul, Ahluwalia Contracts (India) Ltd's stock price is 1,055.00, down 1.4% and underperforming its sector. Despite a positive monthly return of 11.66%, it has a negative annual return of 23.63%, indicating poor long-term growth prospects.
As of 24-Jul, Ahluwalia Contracts (India) Ltd is experiencing a decline in its stock price, currently at 1,055.00, which reflects a decrease of 15.0 points or 1.4%. The stock has underperformed its sector by 1.12% today and has been on a consecutive decline for the last two days, resulting in a total drop of 5.38%. In the past week, the stock has fallen by 3.83%, while over the last month, it has shown a positive return of 11.66%. Despite a high institutional holding of 36.69% and a recent positive quarterly performance, the stock has generated a negative return of 23.63% over the past year, indicating poor long-term growth prospects. Additionally, the delivery volume has decreased by 18.32% against the five-day average, suggesting a decline in investor participation.In the broader market context, the stock's short-term performance has been notably weaker compared to the benchmark Sensex, which has only decreased by 0.09% over the past week. While the overall market has shown a modest gain of 0.16% in the last month, Ahluwalia Contracts has struggled to keep pace, highlighting its underperformance. The company's recent operating profit growth and positive quarterly results have not been sufficient to counteract the negative sentiment surrounding its long-term growth potential and recent price movements.
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