Why is Akme Fintrade falling/rising?
As of 29-Aug, Akme Fintrade (India) Ltd is priced at 6.95, showing a slight increase but trading below all key moving averages, indicating a bearish trend. Despite positive quarterly results, the stock has underperformed in the short and long term, with significant declines in delivery volume and overall market performance.
As of 29-Aug, Akme Fintrade (India) Ltd is currently priced at 6.95, reflecting a slight increase of 0.02 or 0.29%. The stock has shown a trend reversal by gaining after two consecutive days of decline, outperforming its sector by 0.95%. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite a significant drop of 38.39% over the past year, the company has reported positive results for the last five consecutive quarters, with net sales and profits reaching their highest levels. Nonetheless, the stock's performance has been hindered by a 72.02% decline in delivery volume compared to the 5-day average, suggesting falling investor participation.In the broader market context, Akme Fintrade's short-term performance has been weaker than the benchmark, with a 1-week return of -2.93% compared to the Sensex's -1.84%. This underperformance is consistent with its longer-term trends, where the stock has lagged behind the BSE500 over the past year and three years. While the company boasts an attractive valuation with a return on equity of 9 and rising profits, it faces challenges due to weak long-term fundamental strength and below-par performance in both the near and long term.
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