Why is Akme Fintrade falling/rising?
As of 14-Aug, Akme Fintrade (India) Ltd is priced at 7.02 with no change, underperforming its sector and showing a significant decline in investor participation. Despite positive quarterly results, the stock has a poor long-term outlook with a -30.46% return over the past year, indicating weak fundamental strength and lack of institutional support.
As of 14-Aug, Akme Fintrade (India) Ltd is currently priced at 7.02, showing no change (0.00%). The stock has underperformed its sector by 0.4% today, and while it is higher than its 5-day moving averages, it remains lower than the 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant decline in investor participation, with delivery volume dropping by 38.13% compared to the 5-day average. Over the past year, the stock has generated a return of -30.46%, which is considerably worse than the benchmark Sensex, which has gained 1.89%. Despite declaring positive results for the last five consecutive quarters, including record net sales and profits, the stock's weak long-term fundamental strength, indicated by an average Return on Equity (ROE) of 8.50%, raises concerns about its future performance.In the broader market context, the stock's short-term performance has been disappointing, with a 1-week return of -0.57% compared to the Sensex's slight decline of only -0.03%. This underperformance is consistent with the stock's longer-term trends, where it has lagged behind the benchmark over various periods, including a -30.46% return over the past year. The lack of institutional support, with the majority of shareholders being non-institutional, may also contribute to the stock's volatility and overall performance challenges.
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