Why is Akme Fintrade falling/rising?
As of 11-Aug, Akme Fintrade (India) Ltd is priced at 6.99, with no change. Despite strong quarterly growth, the stock has underperformed long-term, declining 32.46% over the past year, indicating a challenging environment for price recovery.
As of 11-Aug, Akme Fintrade (India) Ltd is currently priced at 6.99, showing no change (0.00%). The stock has underperformed its sector today by 0.69% and is higher than its 5-day moving average but lower than its 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has increased by 1.30%, while it has seen a decline of 3.72% over the past month and a significant drop of 32.46% over the past year. Despite the negative price movement, the company has reported positive results for the last four consecutive quarters, with net sales growing by 42.70% and profit after tax increasing by 58.74%. However, the stock's weak long-term fundamentals, indicated by an average return on equity of 8.50%, contribute to its overall negative performance.In the broader market context, the Sensex has shown a decline of 0.51% over the past week, while Akme Fintrade's short-term performance has been relatively better with a gain of 1.30%. However, the stock's year-to-date performance is concerning, with a decrease of 18.15% compared to a 3.15% increase in the Sensex. The falling investor participation, evidenced by a 36.43% drop in delivery volume, further indicates a lack of confidence among investors. Overall, while the company has shown strong quarterly growth, the stock's long-term underperformance and weak fundamentals suggest a challenging environment for price recovery.
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