Why is Last Mile Enter. falling/rising?
As of 26-Aug, Last Mile Enterprises Ltd's stock price is Rs. 11.42, down 7.15%, and has reached a 52-week low. Despite positive net sales growth, the stock has declined 85.50% over the past year, reflecting weak investor confidence and significant underperformance compared to the sector and broader market.
As of 26-Aug, Last Mile Enterprises Ltd is experiencing a decline in its stock price, currently at Rs. 11.42, which reflects a decrease of Rs. 0.88 or 7.15%. The stock has hit a new 52-week low of Rs. 11.26 today and has been on a downward trend, having fallen consecutively for the last two days, resulting in an overall decline of 8.71% during this period. The stock's performance over the past week shows a significant drop of 9.44%, and it has underperformed the sector by 5.2%. Despite reporting very positive results in terms of net sales growth and profitability over the last few quarters, the stock has generated a staggering return of -85.50% over the past year, indicating a severe decline in investor confidence.In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as it has underperformed the Sensex, which has only declined by 1.05% over the past week. The finance/NBFC sector, to which Last Mile belongs, has also seen a decline of 2.01%. The stock's liquidity has decreased significantly, with delivery volume falling by 67.68% compared to the 5-day average, suggesting a lack of investor participation. Furthermore, the company's weak long-term fundamental strength, indicated by an average Return on Equity (ROE) of 3.22%, and its underperformance relative to broader indices over multiple time frames contribute to the negative sentiment surrounding the stock.
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