Why is Austin Engg Co falling/rising?
As of 23-Sep, Austin Engineering Company Ltd's stock price is 161.70, down 1.91%. The stock has significantly underperformed over the past year with a return of -29.08%, amid declining liquidity and weak long-term fundamentals.
As of 23-Sep, Austin Engineering Company Ltd's stock price is currently at 161.70, reflecting a decrease of 3.15, or 1.91%. The stock has been underperforming, having lost 3.92% over the last two days and showing a weekly decline of 1.97%. Despite opening with a gain of 3.12% today and reaching an intraday high of Rs 170, it ultimately fell to a low of Rs 157. The stock's performance over the past year has been particularly poor, with a return of -29.08%, significantly underperforming the broader market, which saw a decline of only -3.33%. Additionally, the stock's liquidity appears to be decreasing, as evidenced by a 50.76% drop in delivery volume compared to the five-day average.Broader market context indicates that while the stock has shown strong growth over a three and five-year period, its recent performance has been disappointing. The stock's return on equity (ROE) of 5.9 suggests a very attractive valuation, yet it has struggled with weak long-term fundamentals, including a low average ROE of 4.53% and flat results in recent financial statements. The stock's significant underperformance relative to the market, combined with a lack of investor participation and declining sales growth, contributes to the negative sentiment surrounding Austin Engineering Company Ltd.
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