Why is Asian Tea & Exp falling/rising?
As of 08-Sep, Asian Tea & Exports Ltd is facing a stock price decline to 11.45, down 1.63%, and has underperformed its sector. The stock's bearish trend is evident with a significant year-to-date drop of 35.46%, low ROCE, and high debt levels, indicating concerns about its financial health.
As of 08-Sep, Asian Tea & Exports Ltd is experiencing a decline in its stock price, currently at 11.45, reflecting a decrease of 0.19 or 1.63%. The stock has underperformed its sector by 1.57% today and is trading below all key moving averages, indicating a bearish trend. Over the past week, the stock has dropped by 1.63%, and its year-to-date performance shows a significant decline of 35.46%. Despite a 14% increase in profits over the past year, the stock has generated a negative return of 20.43%, highlighting its struggles. The company has a low Return on Capital Employed (ROCE) of 1 and a high Debt to EBITDA ratio of 12.82, which raises concerns about its long-term financial health. In the broader market context, the Sensex has shown a positive return of 0.53% over the past week, contrasting sharply with Asian Tea & Exports Ltd's performance. The stock's consistent underperformance against the benchmark over the last three years, coupled with a -28.44% CAGR growth in operating profits, suggests a lack of investor confidence. The decline in delivery volume by 36.76% against the five-day average further indicates falling investor participation, contributing to the stock's downward trajectory. Overall, the combination of weak fundamentals and poor market performance has led to the stock's current decline.
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