Why is Akme Fintrade falling/rising?
As of 24-Sep, Akme Fintrade (India) Ltd's stock price is 8.35, up 5.03%, and it is trading above all key moving averages, indicating positive momentum. Despite a year-to-date decline of 2.22% and a 27.14% drop over the past year, the company has shown strong recent performance and positive quarterly results.
As of 24-Sep, Akme Fintrade (India) Ltd is experiencing a rise in its stock price, currently at 8.35, reflecting an increase of 0.4 or 5.03%. The stock has shown strong performance today, outperforming its sector by 5.12%. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating positive momentum. Additionally, the delivery volume has increased by 2.35% compared to the 5-day average, suggesting rising investor participation. Despite a year-to-date decline of 2.22% and a significant 27.14% drop over the past year, the company has reported positive results for the last five consecutive quarters, with net sales and profits reaching new highs, contributing to a more attractive valuation with a price to book value of 0.9.In the broader market context, Akme Fintrade's short-term return of 9.15% over the past week significantly outpaces the Sensex, which has declined by 1.18% during the same period. This contrast highlights the stock's relative strength despite its longer-term underperformance against benchmarks, including a 27.14% decline over the past year compared to the Sensex's 4.58% gain year-to-date. While the stock has shown positive short-term movements, concerns about its long-term fundamental strength remain, particularly with an average return on equity of 8.50% and consistent underperformance against the benchmark over the last three years.
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