Why is Astra Microwave falling/rising?
As of 01-Aug, Astra Microwave Products Ltd's stock price is Rs 946.90, down 2.04%, with a recent trend reversal after two days of gains. Despite short-term declines, the company shows strong long-term growth potential and investor interest, indicated by increased delivery volume and high institutional holdings.
As of 01-Aug, Astra Microwave Products Ltd is experiencing a decline in its stock price, currently at Rs 946.90, which reflects a decrease of Rs 19.7 or 2.04%. The stock has underperformed its sector by 0.52% today and has seen a trend reversal after two consecutive days of gains. It touched an intraday low of Rs 938, indicating a drop of 2.96%. Over the past week, the stock has decreased by 3.17%, and over the past month, it has fallen by 8.15%. Despite these short-term declines, the company has shown strong long-term growth, with an annual operating profit growth rate of 32.76% and a low Debt to EBITDA ratio of 0.62 times, which suggests a solid ability to service debt. Additionally, the stock has generated a return of 5.84% over the last year, outperforming the BSE500 index consistently over the past three years.In the broader market context, Astra Microwave's recent performance contrasts with the Sensex, which has declined by only 1.06% over the past week and 3.70% over the past month. This indicates that the stock's short-term struggles are more pronounced compared to the overall market. The rising investor participation, evidenced by a 12.42% increase in delivery volume, suggests that there is still interest in the stock despite its recent price drop. Furthermore, high institutional holdings at 20.83% reflect confidence from more knowledgeable investors, which may provide some support for the stock in the long run.
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