Why is Amit Securities falling/rising?

Sep 23 2025 11:21 PM IST
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As of 23-Sep, Amit Securities Ltd's stock price is declining at 40.66, down 1.98%, with a total drop of 7.72% over the last four days. Despite recent outperformance against the Sensex, weak fundamentals and high valuation may deter investors.
As of 23-Sep, Amit Securities Ltd is experiencing a decline in its stock price, currently at 40.66, reflecting a decrease of 0.82 or 1.98%. The stock has underperformed its sector by 1.82% today and has been on a consecutive fall for the last four days, resulting in a total drop of 7.72% during this period. Despite having higher prices than the 20, 50, 100, and 200-day moving averages, it remains lower than the 5-day moving average. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 99.47% compared to the 5-day average. The company's weak long-term fundamental strength, characterized by a low Return on Capital Employed (ROCE) of 0.03% and poor growth in operating profit, further contributes to the stock's negative movement.

In the broader market context, the stock's performance over the past week shows a decline of 5.88%, while the benchmark Sensex has only decreased by 0.34%. Over the past month, however, Amit Securities has outperformed the Sensex with a return of 21.41% compared to the benchmark's 0.98%. Despite this recent outperformance, the stock's valuation appears expensive with a Price to Book Value of 2.1 and a Return on Equity (ROE) of 1.3, which may deter investors. The flat results reported in June, including the lowest figures for PBDIT and PBT, alongside a stagnant profit growth of 3% over the past year, suggest underlying weaknesses that could be influencing investor sentiment negatively.
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