Why is Alpine Housing falling/rising?
As of 11-Sep, Alpine Housing Development Corporation Ltd is experiencing a price increase to Rs 133.80, reflecting a rise of 2.37%. The stock has outperformed its sector and the broader market, achieving a 33.60% return over the past year, despite some long-term fundamental weaknesses.
As of 11-Sep, Alpine Housing Development Corporation Ltd is experiencing a price increase, currently at Rs 133.80, reflecting a rise of Rs 3.1 or 2.37%. The stock has shown strong performance today, outperforming its sector by 4.6% and opening with a gain of 3.1%. It reached an intraday high of Rs 138.45, which is a 5.93% increase. Over the past week, the stock has risen by 4.37%, while its year-to-date return stands at an impressive 21.64%. The company has reported positive results for the last three consecutive quarters, with a significant growth in profit after tax and net sales, contributing to the stock's upward momentum.In the broader market context, the stock's recent performance contrasts sharply with the BSE500 index, which has generated negative returns of -2.29% over the past year, while Alpine Housing has achieved a remarkable 33.60% return in the same period. This indicates that the stock is not only resilient but also thriving despite broader market challenges. However, it is important to note that the company has some long-term fundamental weaknesses, including a low return on capital employed and modest growth rates in net sales and operating profit over the last five years, which could temper future expectations.
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