Why is Quick Heal Tech falling/rising?
As of 02-Sep, Quick Heal Technologies Ltd is currently priced at 305.00, reflecting a short-term gain of 4.45%. However, the stock has significantly underperformed over the long term, with a year-to-date decline of 53.61% and ongoing negative financial results, indicating poor growth prospects.
As of 02-Sep, Quick Heal Technologies Ltd is experiencing a price increase, currently at 305.00, reflecting a change of 13.0 or 4.45% upward. The stock has outperformed its sector by 4.38% today and has shown consecutive gains over the last two days, rising 7.02% during this period. However, despite this recent uptick, the stock has underperformed over the longer term, with a year-to-date decline of 53.61% and a one-year return of -55.49%. The company has reported negative results for the last three consecutive quarters, with a significant drop in PAT and net sales, indicating poor long-term growth prospects. Additionally, the stock is considered risky due to negative EBITDA and a decrease in institutional investor participation.In the broader market context, the stock's short-term performance contrasts with the benchmark, as it has gained 1.33% over the past week while the Sensex has declined by 0.78%. This indicates that Quick Heal Technologies Ltd is currently outperforming the market in the short term, despite its significant long-term losses. The overall market has shown a slight negative return of -2.91% over the past year, while Quick Heal's performance has been considerably worse, highlighting the challenges the company faces in regaining investor confidence amidst its ongoing financial struggles.
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