Why is Allcargo Logist. falling/rising?
As of 19-Sep, Allcargo Logistics Ltd's stock price is declining at 32.88, down 2.72%, with poor financial performance and decreased institutional interest indicating a concerning risk profile despite a recent short-term gain. The stock has significantly underperformed the benchmark Sensex over the past year and three years.
As of 19-Sep, Allcargo Logistics Ltd is experiencing a decline in its stock price, currently at 32.88, reflecting a decrease of 0.92 or 2.72%. The stock has underperformed its sector by 2.06% today and has seen a trend reversal after five consecutive days of gains. Although the stock's delivery volume has increased by 2.17% against the five-day average, it remains below the 50-day, 100-day, and 200-day moving averages, indicating a weaker long-term trend. The company has reported poor financial performance, with a significant drop in operating profit over the last five years and negative results in the most recent quarter, including a PAT of Rs -106.13 crore, which has fallen by 1440.9% compared to the previous four-quarter average. Additionally, institutional investor participation has decreased by 2.32%, suggesting a lack of confidence in the company's prospects.In the broader market context, Allcargo Logistics Ltd's short-term return of +4.68% over the past week contrasts sharply with its long-term performance, as it has underperformed the benchmark Sensex, which has gained 0.88% in the same period. Over the past year, the stock has generated a return of -50.66%, while the Sensex has only declined by 0.67%. This consistent underperformance against the benchmark over the last three years, coupled with a high dividend yield of 3.24%, indicates that while the stock may offer some income, its overall risk profile remains concerning due to negative operating profits and declining institutional interest.
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