Why is Promact Impex falling/rising?
As of 22-Sep, Promact Impex Ltd's stock price is at 11.68, with a 0.00% change. Despite recent short-term gains, the stock has significant long-term risks due to negative book value, declining net sales, and underperformance compared to the broader market.
As of 22-Sep, Promact Impex Ltd's stock price is currently at 11.68, showing no change (0.00%). The stock has outperformed its sector by 0.65% today, but it has experienced a significant decline in investor participation, with delivery volume falling by 98.79% compared to the 5-day average. Over the past week, the stock has increased by 2.10%, and it has seen a substantial rise of 30.94% over the past month. However, the company has a negative book value and has shown poor long-term growth, with net sales declining at an annual rate of 41.36% and operating profit stagnant at 0% over the last five years. Additionally, the stock's performance over the past year has been disappointing, with a return of -17.75%, significantly underperforming the broader market.In the broader market context, the Sensex has increased by 0.46% over the past week and 1.05% over the past month, indicating a generally positive market environment. However, Promact Impex's year-to-date performance shows a decline of 11.85%, contrasting sharply with the Sensex's gain of 5.15%. This underperformance highlights the stock's struggles despite recent short-term gains. The company's high debt levels and negative earnings further contribute to its risk profile, making it a weak long-term investment despite some recent positive movements in price.
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