Why is Campus Activewe. falling/rising?
As of 19-Nov, Campus Activewear Ltd's stock price is Rs 263.30, down 2.95%, and has underperformed its sector. The stock is in a bearish trend, trading below all key moving averages, with a year-to-date decline of 18.45%, amid weak sales growth and disappointing financial results.
As of 19-Nov, Campus Activewear Ltd is experiencing a decline in its stock price, currently at Rs 263.30, which reflects a decrease of Rs 8.0 or 2.95%. The stock has underperformed its sector by 2.29% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 4.5%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past week, the stock has decreased by 4.51%, and year-to-date, it has fallen by 18.45%, contrasting sharply with the Sensex, which has gained 9.02% during the same period. Despite a strong management efficiency reflected by a high ROCE of 18.57% and an attractive valuation compared to peers, the stock's poor long-term growth and disappointing recent financial results, including a significant drop in profit before tax and profit after tax, have contributed to its current decline.In the broader market context, Campus Activewear's recent performance is notably weaker than the Sensex, which has shown a positive return of 0.85% over the past week. The stock's decline is compounded by falling investor participation, as evidenced by an 18.22% drop in delivery volume compared to the 5-day average. While there has been an increase in institutional investor participation, which may provide some support, the overall sentiment remains negative due to the company's lackluster sales growth and disappointing quarterly results. This combination of factors suggests that the stock is struggling to attract investor confidence in the current market environment.
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