Why is Aurionpro Sol. falling/rising?
As of 18-Sep, Aurionpro Solutions Ltd's stock price is Rs 1,226.00, down 2.7%, and has underperformed its sector and the benchmark Sensex. Despite consistent positive results, high valuation and declining investor confidence have contributed to a significant drop in stock performance over the past year.
As of 18-Sep, Aurionpro Solutions Ltd is experiencing a decline in its stock price, currently at Rs 1,226.00, which reflects a decrease of Rs 34.0 or 2.7%. The stock has underperformed its sector by 3.4% today and has fallen after three consecutive days of gains. It is currently trading 4.24% away from its 52-week low and has touched an intraday low of Rs 1,212, indicating a downward trend. Over the past week, the stock has decreased by 0.83%, and its performance over the last month shows a significant decline of 13.80%. Despite the company reporting positive results for the last 17 consecutive quarters and a healthy growth in operating profit, the stock's valuation appears expensive with a Price to Book Value of 4.5, contributing to its recent price drop.In the broader market context, the stock's performance has been notably weaker compared to the benchmark Sensex, which has gained 1.80% over the past week, while Aurionpro has seen a decline. The stock has underperformed the market significantly over the last year, with a return of -30.34% compared to the Sensex's slight increase of 0.08%. Additionally, the falling investor participation, as evidenced by a 29.98% decrease in delivery volume, suggests a lack of confidence among investors. The small stake held by domestic mutual funds may indicate their discomfort with the current price levels, further impacting the stock's performance negatively.
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