Why is Aries Agro falling/rising?
As of 17-Sep, Aries Agro Ltd is priced at 422.15, down 1.89% today and has declined 3.33% over the last two days. Despite this short-term drop, the stock has a strong long-term performance with a year-to-date increase of 47.04% and a 195.11% rise over three years, supported by a low Debt to EBITDA ratio and increased institutional investment.
As of 17-Sep, Aries Agro Ltd is currently priced at 422.15, reflecting a decrease of 8.15 points or 1.89%. The stock has underperformed its sector by 3% today and has been on a consecutive decline for the last two days, resulting in a total drop of 3.33%. Despite this recent downturn, the stock has shown strong performance over the longer term, with a year-to-date increase of 47.04% and a remarkable 195.11% rise over the past three years. Positive factors contributing to the stock's resilience include a low Debt to EBITDA ratio of 1.50 times, strong growth in profit after tax, and increasing participation from institutional investors, who have raised their stake by 1.57% in the last quarter.In the broader market context, Aries Agro's short-term performance has lagged behind the benchmark Sensex, which has gained 1.56% over the past week compared to the stock's 0.99% increase. While the stock has experienced a recent decline, its long-term returns remain robust, significantly outperforming the Sensex over one year and three years. The liquidity of the stock is also favorable, with a delivery volume that has risen by 45.37% against the five-day average, indicating continued interest from investors despite the current price drop.
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