Why is Dam Capital Advi falling/rising?
As of 28-Jul, Dam Capital Advisors Ltd's stock price is Rs 218.70, down 7.31% and has fallen 12.38% over the last three days. The stock has underperformed significantly compared to the market and its sector, with negative results in recent quarters contributing to a decline of 42.67% year-to-date.
As of 28-Jul, Dam Capital Advisors Ltd is experiencing a decline in its stock price, currently at Rs 218.70, which reflects a decrease of Rs 17.25 or 7.31%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total drop of 12.38% during this period. Today's trading saw the stock touch an intraday low of Rs 217.75, indicating high volatility with an intraday fluctuation of 5.03%. Additionally, the stock has underperformed its sector by 5.94% today and is trading below all key moving averages. The company has reported negative results for the last two consecutive quarters, with a significant drop in net sales and profit after tax, contributing to a very expensive valuation despite a strong long-term return on equity.In the broader market context, the stock's performance over the past week shows a decline of 8.78%, while the benchmark Sensex has only decreased by 1.59%. Year-to-date, Dam Capital Advisors has fallen by 42.67%, contrasting sharply with the Sensex's gain of 3.52%. This stark difference highlights the stock's struggles relative to the market. Furthermore, there has been a notable decrease in institutional investor participation, which may indicate a lack of confidence in the company's fundamentals, further pressuring the stock price.
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