Why is Alembic falling/rising?
As of 02-Jul, Alembic Ltd's stock price is at 121.10, down 1.14%, and has underperformed its sector today. Despite recent declines, the company shows strong long-term growth with significant annual profit increases, though reduced investor participation may be affecting its current performance.
As of 02-Jul, Alembic Ltd's stock price is currently at 121.10, reflecting a decrease of 1.4 points or 1.14%. The stock has underperformed its sector today by 1.22% and has experienced a trend reversal, falling after three consecutive days of gains. Despite this recent decline, Alembic has shown positive performance over the past week and month, with returns of 4.94% and 6.70%, respectively. The company has maintained a healthy long-term growth trajectory, evidenced by a significant annual growth rate of operating profit at 142.59% and positive results for the last six consecutive quarters. However, a decrease in investor participation, indicated by a 6.39% drop in delivery volume compared to the five-day average, may be contributing to the stock's current downward movement.In the broader market context, Alembic's recent performance contrasts with the Sensex, which has gained 0.79% over the past week and 2.50% over the past month. While Alembic has outperformed the benchmark in the long term, with a 4.49% return over the last year compared to the Sensex's 6.75%, its year-to-date performance is notably weaker, showing a decline of 8.43%. This disparity suggests that while Alembic has strong fundamentals and a history of positive growth, its current price movement may be influenced by short-term market dynamics and reduced trading activity.
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