Why Ashoka Buildcon Share Is Falling

26 March 2024: Ashoka Buildcon's share price decline can be attributed to a few factors:

1. Recent Q3 Profit Dip: A significant contributor is the company's Q3FY24 results reported in February 2024. Ashoka Buildcon witnessed a decline in net profit compared to the same quarter in the previous year. This decline in profitability has likely raised concerns among investors, leading to a sell-off and a drop in share price.
2. Declining Net Cash Flow:  Another potential factor is the company's declining net cash flow. This indicates a struggle to generate enough cash from operations to cover its expenses and debts. This can be a red flag for investors, as it might suggest financial difficulties.
3. Mutual Fund Reduction in Holdings:  Mutual funds might have been reducing their holdings in Ashoka Buildcon. This movement by major investors can influence market sentiment and lead to a price decline.