Why is Artemis Electri. falling/rising?
As of 05-Sep, Artemis Electricals & Projects Ltd is currently priced at 26.26, reflecting a slight increase but underperforming its moving averages and the benchmark index over the past year. Despite recent growth in sales and profit, investor caution is warranted due to weak long-term fundamentals and a lack of domestic mutual fund investment.
As of 05-Sep, Artemis Electricals & Projects Ltd is experiencing a price increase, currently at 26.26, reflecting a change of 0.23 or 0.88% upward. The stock has outperformed its sector today by 1.28%, although it is trading lower than its 5-day and 20-day moving averages. Over the past week, the stock has seen a modest increase of 0.81%, but it has underperformed over the last month with a decline of 0.68%. Despite positive results in the last three quarters, including significant growth in net sales and profit after tax, the company faces challenges such as weak long-term fundamental strength, a poor EBIT to interest ratio, and low return on equity, which may contribute to investor caution.Broader market context indicates that while the stock has outperformed the sector today, it has underperformed the benchmark index, Sensex, over the past year, with a return of -14.71% compared to the Sensex's -1.81%. The broader market has shown resilience with a 3.29% gain year-to-date, contrasting with Artemis's decline of 2.01% in the same period. The lack of domestic mutual fund investment, holding only 0% of the company, suggests a lack of confidence in its valuation and future prospects, which may further influence the stock's performance in the context of the overall market.
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