Why is Allcargo Logist. falling/rising?
As of 10-Sep, Allcargo Logistics Ltd is priced at 31.60, with a significant decline in performance reflected in a year-to-date drop of 37.06% and a 1-year return of -55.55%. The stock is trading below all major moving averages, indicating a bearish trend, while investor participation has decreased and institutional stakes have been reduced, highlighting a lack of confidence in the company's future.
As of 10-Sep, Allcargo Logistics Ltd is currently priced at 31.60, reflecting a slight increase of 0.1 (0.32%). Despite this minor uptick, the stock has shown a significant decline over various periods, with a 1-week return of -1.74%, a 1-month return of -9.22%, and a year-to-date drop of -37.06%. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, there has been a decrease in investor participation, with delivery volume falling by 1.25% against the 5-day average. The company does have a relatively low debt-to-equity ratio of 0.45 and a high dividend yield of 6.65%, but these factors are overshadowed by poor financial performance, including a staggering decline in operating profit and negative net sales in the most recent quarter.In the broader market context, Allcargo Logistics has underperformed against the benchmark, with the Sensex gaining 1.06% over the past week while the stock itself has declined. The stock's long-term performance has been particularly troubling, with a 1-year return of -55.55% compared to a slight decline of -0.61% for the benchmark. Institutional investors have also reduced their stakes in the company by 2.32%, indicating a lack of confidence in its future prospects. Overall, the combination of declining financial metrics, poor investor sentiment, and consistent underperformance against market benchmarks contributes to the stock's challenging position in the market.
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