Why is Alphageo (India) falling/rising?
As of 19-Sep, Alphageo (India) Ltd's stock price is at 270.00, down 3.05% and has declined 4.46% over the last two days. The stock's year-to-date performance shows a significant drop of 38.78%, driven by weak fundamentals and negative investor sentiment.
As of 19-Sep, Alphageo (India) Ltd's stock price is currently at 270.00, reflecting a decrease of 8.5, or 3.05%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 4.46%. It opened with a loss of 4.92% today and reached an intraday low of Rs 264, which is a 5.21% drop. Despite a positive performance over the past week and month, with returns of 1.52% and 12.22% respectively, the stock's year-to-date performance shows a significant decline of 38.78%. The company's weak long-term fundamentals, characterized by a low return on equity of 2.63% and negative EBITDA, contribute to the stock's downward trend. Additionally, the company's ability to service its debt is concerning, as indicated by a poor EBIT to Interest ratio of -3.23.In the broader market context, while the Sensex has shown a modest gain of 0.88% over the past week, Alphageo's performance has lagged behind, underperforming its sector by 2.91% today. The stock's long-term performance is also troubling, with a 36.37% decline over the past year, contrasting sharply with the Sensex's relatively stable performance of -0.67% during the same period. This underperformance, coupled with the company's flat financial results and weak growth indicators, suggests that investor sentiment is negative, leading to the stock's current decline.
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