Why is Astra Microwave falling/rising?
As of 04-Sep, Astra Microwave Products Ltd is priced at Rs 1,017.00, down 3.25%, and has underperformed its sector today. Despite strong long-term growth, recent declines in delivery volume and investor participation are impacting its short-term performance.
As of 04-Sep, Astra Microwave Products Ltd is currently priced at Rs 1,017.00, reflecting a decrease of Rs 34.2 or 3.25%. The stock has underperformed its sector by 1.58% today, having touched an intraday low of Rs 1,008, which represents a decline of 4.11%. Despite a strong long-term performance, with a year-to-date increase of 32.20% and a three-year growth of 186.64%, the stock is facing challenges in the short term, including a significant drop in delivery volume by 41.19% compared to the five-day average. The company maintains a low Debt to EBITDA ratio of 0.62 times, indicating a strong ability to service debt, and has shown healthy long-term growth with an annual operating profit increase of 30.50%. However, the recent decline in investor participation may be contributing to the stock's downward movement.In the broader market context, the stock's performance over the past week shows a slight increase of 0.15%, while the benchmark Sensex has risen by 0.80%. This indicates that Astra Microwave is lagging behind the market in the short term. Despite the stock's impressive long-term returns, outperforming the BSE500's negative return of -4.38% over the last year with a gain of 15.71%, the current market conditions and reduced trading activity may be influencing the stock's recent price decline.
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