Why is Avro India falling/rising?
As of 22-Sep, Avro India Ltd's stock price is Rs 139.00, up 0.83% today, but it has declined 12.58% over the past month and 32.49% year-to-date. Despite a short-term performance that outpaced the Sensex, the company's long-term growth is concerning, leading to a negative outlook among investors.
As of 22-Sep, Avro India Ltd's stock price is currently at Rs 139.00, reflecting an increase of Rs 1.15, or 0.83%. Despite this positive movement today, the stock has experienced a significant decline over the past month, down 12.58%, and a year-to-date drop of 32.49%. Today's trading saw the stock open with a loss of 6.75%, but it managed to reach an intraday high of Rs 142.9, indicating some volatility. The stock has been trading in a wide range, and there has been a decrease in investor participation, with delivery volume falling by 8.24% against the 5-day average. While the company has a low Debt to EBITDA ratio and is trading at a discount compared to peers, it has faced poor long-term growth, with operating profit declining at an annual rate of 45.13% over the last five years.In the broader market context, Avro India's short-term performance has outpaced the Sensex, which only increased by 0.46% over the past week, while Avro India rose by 4.95%. However, the stock's long-term performance has been concerning, as it has underperformed the BSE500 over various time frames, including the last three years and one year. The company's flat results and reliance on non-operating income further contribute to a lack of confidence among investors, leading to a negative outlook despite today's slight recovery in price.
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