Why is Akar Auto Indust falling/rising?
As of 22-Jul, Akar Auto Industries Ltd is priced at Rs 160.00, down 1.72% recently, and has underperformed its sector. Despite strong long-term gains, recent declines may be due to reduced investor participation and trading volume.
As of 22-Jul, Akar Auto Industries Ltd is currently priced at Rs 160.00, reflecting a decrease of Rs 2.8 or 1.72%. The stock has been underperforming recently, having fallen for three consecutive days, resulting in a total decline of 2.74% during this period. Today's performance indicates that the stock has underperformed its sector by 1.58%. Over the past week, the stock has decreased by 1.96%, although it has shown a positive trend over the last month with a gain of 4.68%. The stock's long-term performance remains strong, with a remarkable increase of 48.56% over the past year and a staggering 999.66% over the last five years. Despite these positive long-term returns, the recent decline may be influenced by falling investor participation, as evidenced by a significant drop in delivery volume.In the broader market context, Akar Auto Industries Ltd's short-term performance has been weaker compared to the benchmark Sensex, which has only declined by 0.47% over the same week. This suggests that while the stock has outperformed the market over longer periods, its recent short-term struggles are notable. The stock is trading at a discount compared to its peers, and its attractive valuation, indicated by a return on capital employed (ROCE) of 18.5 and a PEG ratio of 1.8, suggests potential for recovery. However, the recent decline in trading volume and the stock's movement below shorter-term moving averages may be contributing to investor caution, impacting its current price trajectory.
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