Why is Landmark Cars falling/rising?
As of 19-Sep, Landmark Cars Ltd's stock price is Rs 617.50, down 3.52%, with a total decline of 5.03% over the last two days. The company's weak long-term fundamentals and significant profit drop raise investor concerns, contrasting with the broader market's positive performance.
As of 19-Sep, Landmark Cars Ltd is experiencing a decline in its stock price, currently at Rs 617.50, which represents a decrease of Rs 22.5 or 3.52%. The stock has underperformed its sector by 3.63% today and has been on a consecutive downward trend for the last two days, resulting in a total decline of 5.03% during this period. The stock's performance over the past week shows a decrease of 3.85%, while it has increased by 13.90% over the past month. However, the company's long-term fundamentals are weak, with a significant -17.40% 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 recent flat results, including a -40.33% growth in PAT over the last six months, contribute to the negative sentiment surrounding the stock.In the broader market context, the Sensex has shown a positive return of 0.88% over the past week, contrasting with Landmark Cars' decline. While the stock has generated a modest return of 1.25% over the past year, its profits have fallen by a substantial -57.9%, which raises concerns among investors. The stock's high institutional holdings at 22.45% suggest that these investors, who typically have better analytical resources, may be cautious due to the company's low profitability and expensive valuation metrics. The falling investor participation, indicated by a 26.73% drop in delivery volume, further reflects a lack of confidence in the stock's performance amidst these fundamental challenges.
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