Why is Ashika Credit falling/rising?
As of 13-Aug, Ashika Credit Capital Ltd's stock price is declining at 386.00, down 0.69%, and underperforming its sector. Despite a strong annual return of 89.22%, concerns over long-term fundamentals and recent poor short-term performance indicate a lack of investor confidence.
As of 13-Aug, Ashika Credit Capital Ltd is experiencing a decline in its stock price, currently at 386.00, which reflects a decrease of 2.7 or 0.69%. The stock has underperformed its sector by 1.6% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 32.84% compared to the 5-day average. Despite a strong performance over the past year with an 89.22% return, the stock has shown weak long-term fundamental strength, indicated by a negative growth rate in operating profit and a low return on equity of 9.08%. Furthermore, while the company reported impressive growth in operating profit and net sales, the overall profitability has decreased significantly, which raises concerns among investors.In the broader market context, Ashika Credit's short-term performance has been notably poor, with a 1-week return of -4.89%, contrasting sharply with the Sensex, which has remained relatively flat at -0.01%. This underperformance in the short term, combined with the stock's long-term risk factors, such as negative EBITDA and minimal domestic mutual fund investment, suggests a lack of confidence in its future growth potential. While the stock has outperformed the BSE500 over longer periods, the current market sentiment appears to be cautious, reflecting the company's ongoing challenges and the recent decline in its stock price.
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