Why is Camex falling/rising?
As of 23-Sep, Camex Ltd's stock price is at 38.99, with a slight decrease of 0.03%. Despite recent short-term outperformance, the stock has a significant year-to-date decline of 35.92% and weak long-term fundamentals, making it less attractive to investors.
As of 23-Sep, Camex Ltd's stock price is currently at 38.99, reflecting a slight decrease of 0.01, or 0.03%. The stock has recently outperformed its sector by 1.55%, but it has experienced a trend reversal after two consecutive days of gains. In terms of returns, the stock has shown a 5.81% increase over the past week and a 9.31% increase over the past month. However, it has a significant year-to-date decline of 35.92% and a one-year return of -25.69%. The company has an attractive valuation with a Price to Book Value of 0.9, but its profits have fallen by 47.8% over the past year, contributing to its weak long-term fundamental strength, as indicated by a low Return on Capital Employed (ROCE) of 5.01%.In the broader market context, while Camex has outperformed the Sensex by a notable margin in the short term, it has underperformed the benchmark over the longer term, including the last three years and one year. The Sensex has shown a modest gain of 5.07% year-to-date, contrasting sharply with Camex's significant decline. This disparity highlights the challenges faced by Camex, including flat results and poor long-term growth, which may deter investors despite the recent uptick in trading volume and liquidity.
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