Why is Onesource Indus. falling/rising?
As of 23-Jun, Onesource Industries & Ventures Ltd is currently priced at 2.84, reflecting a 4.8% increase. Despite a strong short-term performance with an 80.89% gain over 13 days, the stock has a negative long-term outlook with significant year-to-date and one-year losses.
As of 23-Jun, Onesource Industries & Ventures Ltd is experiencing a price increase, currently at 2.84, with a change of 0.13, representing a 4.8% rise. The stock has shown significant performance in the short term, gaining 80.89% over the last 13 days and outperforming its sector by 5.14% today. Despite this positive momentum, the stock has a mixed long-term outlook, with a year-to-date return of -77.32% and a one-year return of -53.36%. The company has declared positive results for the last three consecutive quarters, with net sales increasing to Rs 51.08 crore and a profit after tax of Rs 1.01 crore. However, it also faces challenges such as low management efficiency indicated by a return on equity of 7.95% and an expensive valuation with a price-to-book value of 36.7.In the broader market context, the stock's recent performance contrasts sharply with the benchmark Sensex, which has only increased by 0.12% over the past week and 0.22% over the past month. This stark difference highlights the stock's strong short-term recovery despite its significant long-term underperformance, as evidenced by its negative returns over the past year and three years. The falling investor participation, with a delivery volume drop of nearly 90% against the five-day average, raises concerns about liquidity and sustained interest in the stock, which could impact future price movements.
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