Why is Creative Newtech falling/rising?
As of 29-Sep, Creative Newtech Ltd's stock price is 637.35, down 1.75%, and has underperformed its sector. Despite long-term growth potential, recent declines in delivery volume and low investor confidence have contributed to its poor short-term performance and significant year-to-date loss of 31.31%.
As of 29-Sep, Creative Newtech Ltd's stock price is currently at 637.35, reflecting a decrease of 11.35, or 1.75%. The stock has underperformed its sector today by 2.38%, and it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has declined by 4.28%, while it has shown a modest gain of 1.09% over the past month. Despite a long-term growth potential indicated by a 34.90% annual increase in net sales and a 30.95% rise in operating profit, the stock has faced challenges, including a significant drop in delivery volume by 32.5% against the 5-day average and a concerning low Debtors Turnover Ratio of 7.46 times. Furthermore, the lack of domestic mutual fund investment suggests a lack of confidence in the stock's current valuation.In the broader market context, Creative Newtech's short-term performance has been weaker than the benchmark, with the Sensex declining by only 2.25% over the same week. The stock's year-to-date performance is particularly troubling, showing a decline of 31.31%, contrasting sharply with the Sensex's gain of 4.19%. This underperformance is compounded by the fact that the stock has generated a return of -25.33% over the past year, while its profits have increased by 5.3%, indicating that the market may not fully value the company's growth potential. Overall, the combination of poor short-term performance, declining investor participation, and lack of confidence from domestic mutual funds contributes to the stock's current downward trend.
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