Why is Ekansh Concept falling/rising?
As of 02-Sep, Ekansh Concepts Ltd's stock price is at 271.50, down 1.99% after a trend reversal. Despite a strong long-term return of 250.10% over the past year, recent weak fundamentals and negative financial results are contributing to its decline.
As of 02-Sep, Ekansh Concepts Ltd is experiencing a decline in its stock price, currently at 271.50, reflecting a decrease of 5.5 points or 1.99%. The stock has underperformed its sector by 2.06% today, following a trend reversal after four consecutive days of gains. Despite a strong long-term performance, with a remarkable 250.10% return over the past year, the stock's recent movement is influenced by weak fundamentals, including a -9.67% CAGR growth in net sales over the last five years and a high Debt to EBITDA ratio of 7.99 times. Additionally, negative results reported for June, including a 53.75% decline in PAT and a 21.4% drop in net sales, contribute to the stock's downward pressure.In the broader market context, the stock has shown a positive return of 0.93% over the past week, while the benchmark Sensex has declined by 0.78%, indicating relative strength in the short term. However, the stock's performance over the last month is concerning, with a decrease of 4.72%, compared to a slight drop of 0.55% in the Sensex. This disparity highlights the stock's volatility and the impact of its weak financial fundamentals, which may deter investors despite its historical outperformance.
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