Why is Alpex Solar falling/rising?
As of 05-Aug, Alpex Solar Ltd's stock price is 1,221.05, down 3.85% and underperforming its sector. Despite recent declines, the company has strong long-term growth fundamentals, with a 75.96% return over the past year.
As of 05-Aug, Alpex Solar Ltd's stock price is currently at 1,221.05, reflecting a decrease of 48.85 points, or 3.85%. The stock has underperformed its sector today by 2.52% and has experienced a trend reversal after two consecutive days of gains. It touched an intraday low of Rs 1232, indicating a decline of 2.98%. Additionally, the stock's delivery volume has fallen significantly, down by 40.98% compared to the 5-day average, suggesting a decrease in investor participation. Despite this short-term decline, the stock has shown strong performance over the past year, with a return of 75.96%, significantly outpacing the broader market's return of 0.50%.In the broader market context, the stock's recent performance contrasts with the benchmark, as it has declined by 2.84% over the past week while the Sensex has only decreased by 0.69%. This suggests that Alpex Solar is facing specific challenges that are not affecting the broader market to the same extent. However, the company has demonstrated healthy long-term growth, with net sales increasing at an annual rate of 54.10% and operating profit rising by 108.68%. These positive factors indicate that while the stock is currently facing downward pressure, its underlying fundamentals remain strong, which could support a recovery in the future.
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