Why is Elpro Internatio falling/rising?
As of 18-Nov, Elpro International Ltd's stock price is at 84.40, down 0.54%, and has declined 4.52% over the last two days. The company has reported negative financial results for four consecutive quarters, leading to poor stock performance and negative investor sentiment compared to the broader market.
As of 18-Nov, Elpro International Ltd's stock price is currently at 84.40, reflecting a decrease of 0.46, or 0.54%. The stock has been underperforming recently, having fallen consecutively for the last two days, resulting in a total decline of 4.52%. In terms of returns, the stock has shown a negative performance over various periods, including a 1-week decline of 2.11% and a year-to-date drop of 26.70%. The company has reported negative results for the last four consecutive quarters, with net sales falling by 43.1% compared to the previous four-quarter average, and a significant drop in profit before tax and profit after tax. This poor financial performance, coupled with a low return on capital employed and minimal domestic mutual fund investment, indicates a lack of confidence in the company's future prospects, contributing to the stock's downward movement.In the broader market context, while the Sensex has shown a positive return of 0.96% over the past week, Elpro International Ltd's performance has been notably weaker, highlighting its struggle to keep pace with the market. The stock's long-term returns have also been disappointing, with a 1-year decline of 18.89%, contrasting sharply with the Sensex's 9.48% gain over the same period. This underperformance relative to the benchmark, combined with the company's ongoing financial difficulties, suggests that investor sentiment remains negative, further pressuring the stock price.
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