Why is Amin Tannery falling/rising?
As of 19-Sep, Amin Tannery Ltd's stock price is 2.08, down 0.95%. Despite recent short-term gains, the stock has significantly underperformed over the long term, with a year-to-date decline of -16.80% and high debt levels contributing to a negative outlook.
As of 19-Sep, Amin Tannery Ltd's stock price is currently at 2.08, reflecting a decrease of 0.02 or 0.95%. The stock has shown mixed performance recently, with a 1-week return of +1.96% and a 1-month return of +2.46%, indicating some short-term recovery. However, it has significantly underperformed over the longer term, with a year-to-date decline of -16.80% and a 3-year drop of -25.98%. Today's price summary indicates that the stock is underperforming its sector by 0.56%, and it is trading above its 5-day and 20-day moving averages but below its longer-term averages. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 37.46% compared to the 5-day average. The company's high debt levels and weak long-term fundamentals, including a low return on equity and poor growth rates, contribute to its negative outlook.Broader market context shows that while Amin Tannery has had some short-term gains, it has consistently underperformed against the benchmark, with a return of -12.61% over the past year compared to a slight decline of -0.67% for the Sensex. This persistent underperformance over multiple periods, coupled with high debt and weak profitability, suggests that investor confidence is waning, leading to the stock's current decline. The broader market has shown some resilience, with the Sensex gaining 5.74% year-to-date, further highlighting the challenges faced by Amin Tannery in attracting investor interest amidst a more favorable market environment.
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