Why is Apollo Micro Sys falling/rising?
As of 29-Jul, Apollo Micro Systems Ltd's stock price is Rs 177.75, down 2.01%, and has underperformed its sector and the market in the short term. However, the company has a strong long-term growth outlook, with significant annual profit growth and a year-to-date return of 54.03%.
As of 29-Jul, Apollo Micro Systems Ltd is experiencing a decline in its stock price, currently at Rs 177.75, which reflects a decrease of Rs 3.65 or 2.01%. Today's price summary indicates that the stock has underperformed its sector by 2.96% and has fallen after two consecutive days of gains. The stock touched an intraday low of Rs 173.7, marking a decrease of 4.24%. Despite this short-term decline, the company has shown strong long-term growth, with an annual operating profit growth rate of 30.83%, and it has reported positive results for the last eight consecutive quarters, including significant increases in profit before tax and net sales.In the broader market context, the stock's short-term performance over the past week shows a decline of 3.29%, while the benchmark Sensex has only decreased by 1.03%. This indicates that Apollo Micro Systems is underperforming relative to the market. However, on a year-to-date basis, the stock has significantly outperformed the Sensex, with a return of 54.03% compared to the benchmark's 4.09%. The stock's strong historical performance over the last three years, generating returns of 1131.38%, suggests that while it is currently facing short-term challenges, its long-term outlook remains positive.
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