Why is Ekansh Concept falling/rising?
As of 14-Jul, Ekansh Concepts Ltd's stock price is declining at 216.85, down 1.97%, with a total loss of 5.08% over the last three days. Despite a strong long-term performance, recent trends indicate weakening momentum and investor participation, raising concerns about the company's profitability and sustainability.
As of 14-Jul, Ekansh Concepts Ltd is experiencing a decline in its stock price, currently at 216.85, reflecting a decrease of 4.35 or 1.97%. The stock has underperformed its sector by 0.94% today and has been on a downward trend for the last three days, accumulating a total loss of 5.08%. Despite a remarkable long-term performance with a 351.77% increase over the past year, recent returns indicate a 9.36% drop over the last month, contrasting sharply with the Sensex, which has gained 1.40% in the same period. The stock's delivery volume has also seen a significant decline, dropping by 94.97% against its 5-day average, indicating falling investor participation. Additionally, while the stock is trading above its 50-day, 100-day, and 200-day moving averages, it is below its 5-day and 20-day moving averages, suggesting a weakening momentum.In the broader market context, the stock's recent performance contrasts with the benchmark, as it has underperformed the Sensex by 4.89% over the past week. The company's weak long-term fundamental strength, highlighted by a -1.88% CAGR growth in net sales over the last five years and a high Debt to EBITDA ratio of 7.99 times, raises concerns about its ability to sustain profitability. Furthermore, the recent flat results, including a significant drop in net sales and negative operating profits, contribute to the perception of risk associated with the stock. Despite its historical outperformance, these factors suggest that investors may be cautious, leading to the current decline in stock price.
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