Why is Landmark Cars falling/rising?
As of 15-Sep, Landmark Cars Ltd's stock price is rising at Rs 662.00, with a recent increase of 3.08% and strong performance over various periods. However, concerns arise from declining delivery volume and long-term fundamental weaknesses despite high institutional holdings.
As of 15-Sep, Landmark Cars Ltd's stock price is rising, currently at Rs 662.00, reflecting an increase of Rs 19.8 or 3.08%. The stock has shown strong performance recently, gaining 6.18% over the last three days and outperforming its sector by 1.92% today. It has also demonstrated impressive returns over various periods, including a 25.05% increase over the past month and an 11.65% rise over the past year, despite the broader market's negative performance. However, the stock has experienced a decline in delivery volume, which fell by 28.82% against the five-day average, indicating a potential concern regarding investor participation. Additionally, while the stock has high institutional holdings at 22.45%, suggesting confidence from knowledgeable investors, it faces challenges such as a significant decline in operating profits and a high debt-to-EBITDA ratio.In the broader market context, Landmark Cars has outperformed the benchmark Sensex, which has only gained 1.24% over the past week and 1.47% over the past month. This contrast highlights the stock's relative strength, particularly given that the BSE500 has generated negative returns of -3.45% in the last year while Landmark Cars has achieved positive returns. Despite these positive indicators, the company faces long-term fundamental weaknesses, including a -17.40% CAGR growth in operating profits over the last five years and a low return on equity, which may temper future investor enthusiasm.
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