Why is Akash InfraProj. falling/rising?
As of 01-Aug, Akash Infraprojects Ltd's stock price is at 0.00, reflecting a total decline of 100%. The company has not traded in over 20,000 days, has a high debt-to-EBITDA ratio, and has seen a 93% drop in profitability, contributing to negative market sentiment.
As of 01-Aug, Akash Infraprojects Ltd's stock price is currently at 0.00, reflecting a significant decline of 27.21 points or 100.0%. Today's price summary indicates a rising investor participation with a delivery volume of 2.96k on 31 July, which has increased by 4.6% compared to the 5-day average. However, despite some positive results in the latest six months, including a higher PAT of Rs 0.86 cr and the highest net sales at Rs 20.23 cr, the stock has faced severe challenges. The company has not traded in the last 20302 days, indicating weak long-term fundamental strength, and it has a high Debt to EBITDA ratio of 12.70 times, which suggests a low ability to service its debt. Additionally, the return on equity is only 1.23%, highlighting low profitability per unit of shareholders' funds.In the broader market context, there is no available data to compare the stock's short-term return to a benchmark. However, it is important to note that while the stock has generated a return of 0.00% over the past year, its profits have dramatically fallen by 93%. This decline in profitability, coupled with the stock's lack of trading activity and high debt levels, contributes to the negative sentiment surrounding the stock, leading to its current price drop.
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