Why is Allcargo Logist. falling/rising?
As of 11-Sep, Allcargo Logistics Ltd's stock price is at 31.20, down 1.27%, and has significantly underperformed its sector and the broader market. The company faces challenges with declining financial results and reduced institutional investor confidence, reflected in its negative returns over the past year.
As of 11-Sep, Allcargo Logistics Ltd is experiencing a decline in its stock price, currently at 31.20, reflecting a decrease of 0.4 or 1.27%. The stock has underperformed its sector by 1.89% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has decreased by 1.11%, and it has shown significant underperformance over the last month and year-to-date, with returns of -12.29% and -37.86%, respectively. The company's recent financial results have been troubling, with a substantial drop in PAT and net sales, leading to a negative operating profit trend. Additionally, the stock's high dividend yield of 6.68% does not seem to offset the concerns regarding its poor long-term growth and the recent decline in institutional investor participation.In the broader market context, the Sensex has increased by 1.03% over the past week, contrasting sharply with Allcargo's decline. This indicates that while the overall market is experiencing positive momentum, Allcargo is struggling to keep pace, reflecting its consistent underperformance against the benchmark over the last three years. The stock's negative returns of -54.56% over the past year further highlight its challenges, especially as institutional investors have reduced their stakes, suggesting a lack of confidence in the company's future prospects.
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