Why is Astra Microwave falling/rising?
As of 24-Jul, Astra Microwave Products Ltd's stock price has declined to Rs 969.10, down 2.11%, following three days of gains. Despite a strong long-term growth outlook, recent performance has been affected by decreased investor participation and a significant drop in delivery volume.
As of 24-Jul, Astra Microwave Products Ltd is experiencing a decline in its stock price, currently at Rs 969.10, which reflects a decrease of Rs 20.9 or 2.11%. The stock has underperformed its sector by 1.59% today and has fallen after three consecutive days of gains. It touched an intraday low of Rs 967.95, indicating a downward trend. Over the past week, the stock has decreased by 3.01%, and over the last month, it has seen a more significant drop of 9.82%. Despite a strong long-term growth outlook, with an annual operating profit growth rate of 32.76% and a low Debt to EBITDA ratio of 0.62 times, the recent performance has been negatively impacted by falling investor participation, as evidenced by a 6.48% decline in delivery volume compared to the five-day average.In the broader market context, Astra Microwave's short-term performance contrasts with the Sensex, which has only decreased by 0.09% over the same week. While the stock has shown impressive returns year-to-date at 25.97% and has consistently outperformed the BSE500 over the last three years, the recent downturn suggests a shift in investor sentiment. The stock's liquidity remains adequate for trading, but the recent decline in delivery volume may indicate a lack of confidence among investors, contributing to the stock's current downward trajectory.
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