Why is Akash InfraProj. falling/rising?
As of 24-Sep, Akash Infraprojects Ltd's stock price is at 30.56, down 3.41%, with significant declines in investor participation and a year-to-date performance down by 8.50%. Despite recent growth in net sales, the company faces long-term challenges, including high debt and weak fundamentals, contributing to its negative price movement.
As of 24-Sep, Akash Infraprojects Ltd is experiencing a decline in its stock price, currently at 30.56, reflecting a decrease of 1.08 or 3.41%. Today's price summary indicates that the stock has underperformed its sector by 0.99%, with a notable drop in investor participation, as the delivery volume fell by 73.85% compared to the 5-day average. Despite a positive growth in net sales of 38.50% over the last six months and a higher profit after tax, the stock has generated a return of -23.25% over the past year, alongside a significant decline in profits by 148.3%. The company also faces challenges with weak long-term fundamentals, including a low return on capital employed and a high debt-to-EBITDA ratio, which contribute to its current negative price movement.In the broader market context, the stock has shown a short-term return of +1.43% over the past week, while the benchmark Sensex has decreased by 1.08% during the same period. However, the stock's year-to-date performance is down by 8.50%, contrasting with the Sensex's gain of 5.97%. This consistent underperformance against the benchmark over the last three years, coupled with a lack of long-term growth and high debt levels, suggests that investor sentiment remains cautious, leading to the stock's current decline.
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