Why is All E Tech falling/rising?
As of 19-Sep, All E Technologies Ltd is currently priced at 294.80, reflecting a 1.59% increase. Despite recent gains, the stock has underperformed over the past month and year, with significant declines, although it shows strong long-term growth potential.
As of 19-Sep, All E Technologies Ltd is experiencing a price increase, currently at 294.80, reflecting a rise of 4.6 or 1.59%. The stock has outperformed its sector today by 1.99%, and while it is higher than its 5-day moving averages, it remains below the 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has gained 4.02%, although it has seen a decline of 1.85% over the past month and a significant drop of 43.48% year-to-date. Despite these challenges, the company has shown healthy long-term growth with an operating profit increase of 58.18% annually and a return on equity (ROE) of 20.4, indicating an attractive valuation with a price-to-book value of 4.1. However, the stock's performance has been hindered by a 30.98% decline over the past year, despite a 36% increase in profits, leading to a PEG ratio of 0.6.In the broader market context, the stock's short-term performance of +4.02% over the past week significantly outpaces the Sensex, which has only increased by 0.85% during the same period. However, the stock has underperformed the benchmark over longer time frames, including a -1.85% return over the past month and a -30.98% return over the past year, contrasting with the Sensex's +7.11% year-to-date performance. This underperformance is compounded by flat results reported in June, where key financial metrics showed declines, indicating below-par performance both in the near and long term.
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