Why is Ahm. Steelcraft falling/rising?
As of 25-Aug, Ahmedabad Steelcraft Ltd's stock price is Rs 204.00, up 2.49% after three days of decline, but it remains below key moving averages, indicating a bearish trend. Despite strong long-term growth in sales and profits, a significant drop in delivery volume and a negative annual return raise concerns about its immediate outlook.
As of 25-Aug, Ahmedabad Steelcraft Ltd's stock price is currently at Rs 204.00, reflecting an increase of Rs 4.95 or 2.49%. The stock has shown a trend reversal by gaining after three consecutive days of decline, and it outperformed its sector by 2.48% today. Despite this positive movement, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend in the longer term. Additionally, the stock has experienced a significant drop in delivery volume, falling by 99.5% against the 5-day average, which suggests reduced investor participation. Over the past month, the stock has declined by 13.92%, contrasting with a slight gain of 0.21% in the Sensex.In the broader market context, while Ahmedabad Steelcraft's short-term performance has been negative, it has outperformed the benchmark index in the last week, which saw a return of 0.45%. The company has demonstrated strong long-term growth, with net sales increasing at an annual rate of 91.14% and a remarkable 648% growth in net profit over the last six months. Despite the stock's recent struggles, the positive financial results over the past four quarters and an attractive valuation compared to peers may support a recovery in the future. However, the significant decline in trading volume and the stock's underperformance over the past year, where it has generated a return of -6.31%, raises concerns about its immediate outlook.
{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)
{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
Our weekly and monthly stock recommendations are here
Loading...
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Target Price
{{sm.target_price }}
({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
₹{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News
Most Read
