Why is Akme Fintrade falling/rising?
As of 23-Sep, Akme Fintrade (India) Ltd is priced at 7.97, down 0.5%, and has underperformed its sector by 0.83%. Despite positive operational results over the last five quarters, the stock shows weak long-term fundamentals and has significantly underperformed the market over the past year.
As of 23-Sep, Akme Fintrade (India) Ltd is currently priced at 7.97, reflecting a decrease of 0.04 or 0.5%. The stock has recently underperformed its sector by 0.83% and has experienced a trend reversal, falling after two consecutive days of gains. Despite this decline, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend over a longer period. The company has reported positive results for the last five consecutive quarters, with net sales and profits reaching their highest levels, which suggests strong operational performance. However, the stock has a weak long-term fundamental strength, evidenced by an average return on equity of 8.50%, and has significantly underperformed the market over the past year, with a return of -30.42%.In the broader market context, Akme Fintrade's short-term return over the past week is +3.51%, while the Sensex has seen a slight decline of -0.34%. This indicates that the stock has been performing relatively well compared to the benchmark in the short term. However, the stock's year-to-date performance shows a decline of -6.67%, contrasting with the Sensex's gain of +5.07%, highlighting its struggles in the longer term. The liquidity of the stock remains adequate for trading, but the significant underperformance over the past year raises concerns among investors, contributing to the current price decline.
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