Why is Ekansh Concept falling/rising?
As of 03-Sep, Ekansh Concepts Ltd's stock price is declining at 267.55, down 1.45%, with a total loss of 3.41% over the last two days. Despite strong long-term returns, recent negative trends in sales and profitability raise concerns about the company's financial health.
As of 03-Sep, Ekansh Concepts Ltd is experiencing a decline in its stock price, currently at 267.55, which reflects a decrease of 3.95 points or 1.45%. The stock has underperformed its sector by 0.9% today and has been on a consecutive downward trend for the last two days, accumulating a total loss of 3.41% during this period. Despite a remarkable long-term performance with a 252.04% return over the past year, recent financial indicators reveal weaknesses, including a negative growth in net sales and a high debt-to-EBITDA ratio, which contribute to concerns about the company's fundamental strength and profitability.In the broader market context, the stock's short-term performance has been less favorable compared to the benchmark, with a 1-week return of -0.54% against the Sensex's -0.27%. This underperformance is compounded by a significant drop in investor participation, as evidenced by a 24% decrease in delivery volume compared to the 5-day average. While the stock has shown strong returns over the long term, the recent negative trends in sales and profitability, coupled with a risky trading profile, suggest that investors may be cautious, leading to the current decline in price.
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