Why is Landmark Cars falling/rising?
As of 18-Jul, Landmark Cars Ltd's stock price is Rs 536.50, down 0.57%, after two days of gains. Despite a recent weekly return of +6.05%, the stock has underperformed year-to-date with a -14.43% return, largely due to a 67.2% decrease in profits and weak long-term fundamentals.
As of 18-Jul, Landmark Cars Ltd is experiencing a decline in its stock price, currently at Rs 536.50, which reflects a decrease of Rs 3.1 or 0.57%. Despite today's performance showing that the stock has outperformed its sector by 0.52%, it has fallen after two consecutive days of gains. The stock touched an intraday low of Rs 528.15, indicating a drop of 2.12%. Over the past week, Landmark Cars has shown a return of +6.05%, while its performance over the past month is +9.49%. However, the stock has underperformed significantly on a year-to-date basis with a return of -14.43%. The company's profits have decreased by 67.2% over the past year, contributing to its negative performance, despite a fair valuation compared to peers.In the broader market context, the Sensex has shown a slight decline of 0.90% over the past week, while Landmark Cars has managed to outperform this benchmark. However, the stock's long-term fundamentals appear weak, with a -22.40% CAGR growth in operating profits over the last five years and a high Debt to EBITDA ratio of 3.24 times, indicating challenges in servicing debt. Additionally, the stock has underperformed the market over the last year, with a return of -15.72% compared to the BSE500's -0.36%. The combination of falling investor participation, as evidenced by a 44.06% drop in delivery volume, and negative financial results has contributed to the stock's recent downward movement.
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