Why is Kellton Tech falling/rising?
As of 23-Jul, Kellton Tech Solutions Ltd's stock price is at 141.85, down 0.53%, and has declined for two consecutive days. Despite a recent downturn, the company shows strong debt servicing ability and significant long-term growth, though it has underperformed year-to-date compared to the broader market.
As of 23-Jul, Kellton Tech Solutions Ltd is experiencing a decline in its stock price, currently at 141.85, which represents a decrease of 0.75 or 0.53%. The stock has underperformed its sector by 0.98% today and has been on a consecutive decline for the last two days, resulting in a total drop of 2.78%. Over the past week, the stock has slightly underperformed with a return of -0.18%, while it has shown a more significant increase of 14.12% over the past month. Despite this recent downturn, the company maintains a strong ability to service its debt, evidenced by a low Debt to EBITDA ratio of 0.95 times, and its profits have risen by 24.5% over the past year, contributing to a PEG ratio of 0.7, indicating attractive valuation compared to its peers.In the broader market context, the Sensex has shown a positive return of 0.11% over the past week, contrasting with Kellton Tech's slight decline. While the stock has performed well over the longer term, with a remarkable increase of 92.47% over the past three years and 585.27% over the past five years, its year-to-date performance remains negative at -5.31%, compared to the Sensex's positive return of 5.87%. The recent drop in delivery volume by 24.59% against the five-day average suggests a decrease in investor participation, which may be contributing to the stock's current price decline.
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