Why is Ahm. Steelcraft falling/rising?
As of 24-Sep, Ahmedabad Steelcraft Ltd's stock price is Rs 184.90, down 2.58%, with a year-to-date decline of 30.48%. Despite strong financial results, the stock is underperforming the market and experiencing decreased investor confidence.
As of 24-Sep, Ahmedabad Steelcraft Ltd is experiencing a decline in its stock price, currently at Rs 184.90, which reflects a decrease of Rs 4.9 or 2.58%. The stock has been underperforming recently, having fallen consecutively for the last two days with a total return drop of 3.45%. Today's trading saw the stock reach an intraday high of Rs 197.85 but also dip to a low of Rs 182.3. The stock's performance over the past week shows a gain of 4.32%, but it has underperformed the sector by 2.39%. Year-to-date, the stock has decreased by 30.48%, despite positive financial results indicating strong growth in net sales and profit.In the broader market context, while the Sensex has shown a slight gain of 0.50% over the past month, Ahmedabad Steelcraft's one-month return is down by 7.11%. This indicates that the stock is not keeping pace with the overall market trend. Despite the company's healthy long-term growth metrics, including a significant increase in net profit and sales, the stock's recent performance suggests a lack of investor confidence, as evidenced by a 44.92% drop in delivery volume compared to the five-day average. The stock's valuation remains attractive, trading at a discount to its peers, but the persistent decline in price and falling investor participation may be contributing to its current downward trajectory.
{{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
