Why is Asian Warehous. falling/rising?
As of 28-Jul, Asian Warehousing Ltd's stock price is Rs 49.00, down 3.45%. The stock has shown significant volatility and underperformance, with weak long-term fundamentals and declining investor confidence.
As of 28-Jul, Asian Warehousing Ltd's stock price is currently at Rs 49.00, reflecting a decline of Rs 1.75 or 3.45%. The stock has been underperforming, having lost 5.77% over the last two days and showing a performance today that is 2.21% below its sector. Despite opening with a gain of 6.6% and reaching an intraday high of Rs 54.1, it also hit a low of Rs 47, indicating significant volatility with a wide trading range of Rs 7.1. The stock has experienced a substantial drop in delivery volume, down 83.17% against its 5-day average, which suggests a lack of investor confidence. Additionally, the company's long-term fundamentals are weak, with a -32.06% CAGR growth in operating profits over the last five years and a poor EBIT to Interest ratio of 0.79, indicating challenges in servicing its debt.In the broader market context, Asian Warehousing Ltd's short-term performance has been relatively stable compared to the benchmark, as it has remained flat over the past week while the Sensex has declined by 1.59%. However, the stock has underperformed significantly over the longer term, with a -26.27% return in the past year compared to a positive 3.52% return for the Sensex year-to-date. This underperformance, coupled with flat results in June and a general trend of falling investor participation, paints a concerning picture for the stock's future prospects.
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