Why is Ashika Credit falling/rising?
As of 24-Jun, Ashika Credit Capital Ltd's stock price is Rs 388.00, having risen 0.26% after four days of decline. Despite a strong one-year return of 385.97%, the company faces significant challenges, including operating losses and a sharp drop in profits, leading to underperformance compared to its sector and the broader market.
As of 24-Jun, Ashika Credit Capital Ltd's stock price is currently at Rs 388.00, reflecting a rise of 1.0 (0.26%). Today's price summary indicates that the stock has gained after four consecutive days of decline, opening with a gain of 2.83% and reaching an intraday high of Rs 405. However, it has underperformed its sector by 0.66%. Despite a remarkable one-year return of 385.97%, the company is facing significant challenges, including operating losses and a weak long-term fundamental strength, with profits having fallen by 580.6% over the past year. The stock is also trading below all key moving averages, and there has been a notable decrease in investor participation, with delivery volume down by 30.22% compared to the five-day average.In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as it has underperformed significantly over the past week and month, with returns of -3.77% and -9.78%, respectively, while the Sensex has shown positive returns of 0.58% and 0.41%. This divergence highlights the stock's struggles despite its impressive long-term performance. The company's recent negative results, including a substantial drop in profit before tax and net profit, further contribute to its risky valuation, making it a challenging investment in the current market environment.
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