Why is Akash InfraProj. falling/rising?
As of 25-Sep, Akash Infraprojects Ltd's stock price is at 28.59, down 6.45%, and has underperformed its sector. Despite some growth in net sales, the stock faces challenges with a significant profit drop and weak long-term fundamentals, contributing to its decline and consistent underperformance against the market.
As of 25-Sep, Akash Infraprojects Ltd's stock price is currently at 28.59, reflecting a decline of 1.97, or 6.45%. The stock has underperformed its sector today by 5.06%, and while it is trading higher than its 20-day, 50-day, and 100-day moving averages, it is lower than its 5-day and 200-day moving averages. Over the past week, the stock has decreased by 10.63%, and its year-to-date performance shows a significant decline of 14.40%. Despite some positive indicators such as a 38.50% growth in net sales over the last six months and a higher profit after tax, the stock has faced challenges, including a 148.3% drop in profits over the past year and a weak long-term fundamental strength, which is reflected in its average Return on Capital Employed (ROCE) of only 2.24%.In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as it has consistently underperformed against the BSE500 over the last three years, generating a return of -26.69% in the past year compared to a -4.28% decline in the benchmark. The stock's liquidity is adequate for trading, but a significant drop in delivery volume by 75.14% against the 5-day average indicates falling investor participation, which may contribute to the stock's downward pressure. Overall, the combination of weak long-term growth prospects, high debt levels, and consistent underperformance relative to the market has led to the current decline in Akash Infraprojects Ltd's stock price.
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