Why is Assoc.Alcohols falling/rising?
As of 25-Sep, Associated Alcohols & Breweries Ltd's stock price is Rs 984.00, down 1.08%, reflecting a bearish trend as it trades below all major moving averages. Despite positive financial results, the stock has declined 6.49% over the past month, influenced by reduced investor participation and concerns over long-term growth.
As of 25-Sep, Associated Alcohols & Breweries Ltd is experiencing a decline in its stock price, currently at Rs 984.00, which reflects a decrease of Rs 10.7 or 1.08%. The stock has been under pressure, having fallen for the last two days, with a total drop of 1.62% during this period. Additionally, it has touched an intraday low of Rs 971.95, indicating a significant downward movement. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. Despite the company reporting positive financial results over the last five quarters, including a 53.45% growth in PAT and a 22.09% increase in net sales, the stock's performance over the past month shows a decline of 6.49%, contrasting with the Sensex's minor drop of 0.58%.In the broader market context, the stock's recent performance aligns closely with the benchmark, as both have shown negative returns over the past week, with the stock at -2.19% compared to the Sensex's -2.23%. The decline in investor participation, evidenced by a 43.96% drop in delivery volume, may also be contributing to the stock's downward pressure. While the company boasts a low debt-to-equity ratio and rising promoter confidence, the overall sentiment appears to be affected by concerns over long-term growth, as indicated by the operating profit growth rate of 18.68% over the last five years. This combination of factors suggests that despite some positive indicators, the stock is currently facing challenges that are leading to its decline.
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