Why is Quicktouch Tech falling/rising?
As of 18-Sep, Quicktouch Technologies Ltd's stock price is at 46.50, reflecting a 6.91% decline and significant underperformance with a year-to-date return of -48.30%. The company has reported negative results for three consecutive quarters, leading to a drastic decline in profits and a concerning long-term outlook.
As of 18-Sep, Quicktouch Technologies Ltd is experiencing a decline in its stock price, currently at 46.50, which reflects a decrease of 3.45 or 6.91%. The stock has underperformed significantly, with a performance today that is 7.61% below its sector. It is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past year, the stock has generated a return of -70.26%, and its profits have fallen by 18%. The company has reported negative results for the last three consecutive quarters, with a net sales drop of 3.44%, leading to an operating loss and a PAT of Rs -4.03 crore, which is a drastic decline compared to previous averages.In the broader market context, Quicktouch Technologies Ltd's short-term return of +1.64% over the past week is slightly below the benchmark Sensex, which has returned +1.67% in the same period. However, the stock's long-term performance is concerning, with a year-to-date return of -48.30% compared to the Sensex's +7.52%. This stark contrast highlights the company's weak long-term fundamental strength, exacerbated by falling investor participation, as indicated by a 34.78% drop in delivery volume against the 5-day average. Overall, the combination of poor financial results, declining sales, and underperformance relative to the market contributes to the stock's downward trajectory.
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