Why is SKP Securities falling/rising?
As of 09-Jul, SKP Securities Ltd's stock price is Rs 126.55, down 4.35%, and has underperformed its sector. Despite strong long-term fundamentals, the stock has seen negative returns over the past year and significant declines in profitability, indicating challenges in maintaining investor confidence.
As of 09-Jul, SKP Securities Ltd is experiencing a decline in its stock price, currently at Rs 126.55, which reflects a decrease of Rs 5.75 or 4.35%. Today's performance indicates that the stock has underperformed its sector by 4.73% and has fallen after two consecutive days of gains. The stock touched an intraday low of Rs 126.05, and trading volume has decreased significantly, with delivery volume down by 59.3% compared to the five-day average. Despite a strong long-term fundamental strength with an average Return on Equity (ROE) of 16.27% and healthy operating profit growth, the stock has generated negative returns of -8.79% over the past year, indicating a struggle to maintain investor confidence.In the broader market context, the stock's short-term performance over the past week shows a gain of 6.66%, while the Sensex has only increased by 0.15%. However, the stock's year-to-date performance is concerning, with a decline of 40.57% compared to the Sensex's gain of 6.91%. This underperformance in the last year, alongside negative financial results such as a 51.62% decline in PAT and a 60.36% drop in PBT, suggests that the stock is facing significant challenges despite its attractive valuation and long-term growth potential.
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