Why is Keystone Realtor falling/rising?
As of 29-Aug, Keystone Realtors Ltd's stock price is declining at 628.65, down 0.92%, with a total drop of 4.75% over three days. The company faces weak fundamentals and significant underperformance compared to the Sensex, leading to negative investor sentiment.
As of 29-Aug, Keystone Realtors Ltd is experiencing a decline in its stock price, currently at 628.65, reflecting a decrease of 5.85 points or 0.92%. The stock has been underperforming recently, with a consecutive fall over the last three days resulting in a total drop of 4.75%. In the context of returns, the stock has shown a negative performance of 2.66% over the past week and 0.70% over the past month, while it has significantly underperformed the benchmark, the Sensex, which has only declined by 1.84% and 1.88% in the same periods. The company is also facing weak long-term fundamentals, indicated by a -0.32% CAGR growth in operating profits over the last five years and a low return on equity of 5.79%, suggesting low profitability. Additionally, the recent quarterly results show a drastic fall in profit before tax and profit after tax, which further exacerbates investor concerns.In the broader market context, the stock's performance has been consistently below that of the benchmark, with a year-to-date return of -7.50% compared to the Sensex's positive return of 2.14%. This consistent underperformance, coupled with a significant drop in investor participation—evidenced by a 66.44% decrease in delivery volume—indicates a lack of confidence among investors. The stock's valuation appears expensive relative to its fundamentals, trading at a price-to-book value of 2.9, despite being at a discount compared to its peers' historical valuations. Overall, these factors contribute to a negative sentiment surrounding Keystone Realtors Ltd, leading to its recent price decline.
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