Why is Dhruv Consultanc falling/rising?
As of 28-Aug, Dhruv Consultancy Services Ltd's stock price is Rs 63.84, down 5.0%, with significant declines in delivery volume and long-term fundamentals remaining weak. Despite a slight weekly increase, the stock has underperformed its sector and the broader market, indicating ongoing challenges.
As of 28-Aug, Dhruv Consultancy Services Ltd is experiencing a decline in its stock price, currently at Rs 63.84, reflecting a decrease of 3.36 (-5.0%). Today's performance indicates that the stock opened with a loss of 3.27% and reached an intraday low of Rs 63.84. The stock has underperformed its sector by 4.88%, and there has been a significant drop in delivery volume, falling by 96.24% against the 5-day average. Over the past week, the stock has shown a slight increase of 1.33%, but it has declined by 4.43% over the past month and a staggering 57.15% year-over-year. While there was a positive growth in PAT for the last nine months, the overall long-term fundamentals remain weak, with a low Return on Capital Employed (ROCE) of 7.84% and a concerning Price to Book Value ratio of 1.2.In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has declined by 2.34% over the past week and 1.00% over the past month. Despite the increase in institutional investor participation, which has risen by 1.88% in the last quarter, the stock continues to struggle with poor long-term growth metrics and a high PEG ratio of 4.2. This underperformance is evident as the stock has lagged behind the BSE500 over various time frames, indicating a challenging environment for the company amidst broader market trends.
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