Why is Promact Impex falling/rising?

Aug 29 2025 10:00 PM IST
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As of 29-Aug, Promact Impex Ltd is priced at 8.70 with no change, showing significant underperformance with a -26.58% return over the past year. The stock's negative book value, high debt, and weak fundamentals contribute to a risky profile, deterring investors.
As of 29-Aug, Promact Impex Ltd is currently priced at 8.70, with no change in its price (0.00%). The stock has underperformed in the short term, with a 1-week return of -2.47% and a 1-month return of -10.31%. Today's performance indicates that it has outperformed its sector by 0.41%, but it is trading below all its moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. The company has a negative book value and weak long-term fundamental strength, as evidenced by a significant decline in net sales and operating profit over the past five years. Additionally, the stock's high debt levels and poor earnings performance contribute to its risky profile, which may deter investors.

In the broader market context, while the Sensex has shown a slight decline of -1.84% over the past week and -1.88% over the past month, Promact Impex's performance has been notably worse, indicating a significant divergence from the benchmark. The stock has generated a return of -26.58% over the past year, compared to the market's negative return of -5.40%, highlighting its underperformance. This stark contrast suggests that investor sentiment towards Promact Impex is particularly negative, influenced by its financial instability and poor growth prospects, which are likely driving the stock's recent price movements.
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