Why is Alpine Housing falling/rising?
As of 10-Sep, Alpine Housing Development Corporation Ltd's stock price is Rs 130.70, down 3.19%, and has underperformed its sector. Despite a 22.78% return over the past year, recent declines raise concerns about its valuation and growth potential.
As of 10-Sep, Alpine Housing Development Corporation Ltd is experiencing a decline in its stock price, currently at Rs 130.70, down by Rs 4.3 or 3.19%. Today's price summary indicates that the stock has underperformed its sector by 4.17% and has fallen after two consecutive days of gains, touching an intraday low of Rs 130.2. The stock's performance over the past week shows a decrease of 1.62%, and over the past month, it has dropped by 10.82%. Despite positive results in the last three consecutive quarters, with a significant growth in PAT and net sales, the stock's long-term fundamental strength is considered weak, reflected in its low average Return on Capital Employed (ROCE) of 5.54% and poor growth rates in net sales and operating profit over the last five years.In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as the Sensex has gained 1.06% over the past week and 1.96% over the past month. While Alpine Housing has generated a notable return of 22.78% over the past year, the overall market has seen negative returns of -2.89% during the same period. This discrepancy highlights the stock's ability to outperform the market in the long term, yet the current decline suggests investor concerns regarding its valuation and growth potential, particularly given its expensive valuation metrics compared to peers.
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