Why is Alpine Housing falling/rising?
As of 02-Sep, Alpine Housing Development Corporation Ltd's stock price is Rs 129.15, down 2.89%, and has declined 4.3% over the last two days. Despite positive quarterly results, concerns about its long-term fundamentals and recent underperformance in the market are affecting investor sentiment.
As of 02-Sep, Alpine Housing Development Corporation Ltd is experiencing a decline in its stock price, currently at Rs 129.15, which reflects a decrease of Rs 3.85 or 2.89%. The stock has underperformed its sector by 3.94% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 4.3%. Despite touching an intraday high of Rs 137.8, it also reached a low of Rs 128.85. Over the past week, the stock has fallen by 5.04%, and in the last month, it has decreased by 21.42%. While the company has reported positive results over the last three quarters, with significant growth in both PAT and net sales, concerns regarding its long-term fundamental strength, indicated by a low Return on Capital Employed (ROCE) of 5.54%, may be contributing to the stock's recent decline.In the broader market context, the stock's performance has been notably better than the benchmark, as it has generated a return of 12.21% over the past year, while the Sensex has declined by 2.91%. However, the stock's recent short-term performance contrasts sharply with this longer-term success, as it has underperformed the market significantly in the last month and week. The overall market has also faced negative returns, with the BSE500 down by 4.82% in the past year, which may be influencing investor sentiment and contributing to the stock's current downward trajectory.
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