Why is Craftsman Auto falling/rising?
As of 06-Aug, Craftsman Automation Ltd's stock is priced at 6,330.00, down 1.92% today and 4.35% over the last two days. Despite strong long-term growth prospects, recent profit declines and volatility have led to cautious investor sentiment and underperformance compared to the broader market.
As of 06-Aug, Craftsman Automation Ltd's stock is currently priced at 6,330.00, reflecting a decline of 123.65 points or 1.92%. The stock has underperformed its sector by 1.65% today and has been on a downward trend for the last two days, accumulating a total loss of 4.35%. Although it opened with a gain of 2% and reached an intraday high of Rs 6,680, it also experienced significant volatility, with a low of Rs 6,258.3. Over the past week, the stock has seen a decrease of 7.66%, while it has performed positively over the last month with a gain of 7.13%. Despite a healthy long-term growth outlook, with net sales increasing at an annual rate of 36.30% and a high return on capital employed (ROCE) of 15.65%, the stock's recent performance has been impacted by a 17.8% decline in profits over the past year, leading to a cautious sentiment among investors.In the broader market context, Craftsman Automation's short-term performance has been notably weaker than the benchmark, with the Sensex declining only 1.15% over the same week. This underperformance may be attributed to falling investor participation, as indicated by a significant drop in delivery volume by 64.6% compared to the five-day average. Although the stock has demonstrated strong long-term returns, outperforming the BSE500 over various periods, the recent volatility and profit decline have contributed to a more cautious outlook among investors, resulting in the current price decline.
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