Why is Alpine Housing falling/rising?
As of 05-Sep, Alpine Housing Development Corporation Ltd's stock price is Rs 124.00, down 3.28%, reflecting a two-day decline of 6.66% and a monthly drop of 23.24%. Despite positive quarterly results, weak long-term fundamentals and declining investor sentiment are driving the stock's recent downturn.
As of 05-Sep, Alpine Housing Development Corporation Ltd is experiencing a decline in its stock price, currently at Rs 124.00, reflecting a decrease of Rs 4.2 or 3.28%. The stock has underperformed its sector by 2.61% today and has been on a downward trend for the last two days, with a total decline of 6.66% during this period. Although the stock opened with a gain of 3.67% and reached an intraday high of Rs 132.9, it also touched a low of Rs 123.5. The stock's performance over the past week shows a significant drop of 8.11%, and over the past month, it has decreased by 23.24%. Despite positive results in the last three quarters, with a notable growth in PAT and net sales, the stock's long-term fundamentals are weak, indicated by a low return on capital employed (ROCE) and poor growth rates in net sales and operating profit over the past five years.In the broader market context, the stock's recent performance contrasts sharply with the benchmark Sensex, which has gained 1.13% over the past week. While Alpine Housing has managed to generate a return of 6.76% over the past year, the overall market has seen negative returns of 4.41% during the same period. However, the stock's current decline may be attributed to falling investor participation, as evidenced by a significant drop in delivery volume, and its trading at a discount compared to peers' historical valuations. This combination of factors suggests that despite some positive financial results, investor sentiment is currently negative, contributing to the stock's recent price decline.
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