Nihar Info Global Faces Evaluation Score Adjustment Amidst Declining Performance Metrics

Nihar Info Global, a microcap player in the software products industry, has recently undergone an adjustment in its evaluation score. This revision reflects a shift in the technical landscape surrounding the stock, indicating a mildly bearish trend.
Key financial metrics reveal that Nihar Info Global has experienced a challenging performance trajectory over various time frames. For instance, the stock has reported a return of -14.70% over the past year, while the broader market, represented by the Sensex, has shown a modest decline of -2.41%. Additionally, the company's long-term growth has been hindered, with an annual operating profit decline of -262.79% over the last five years.

The stock's current price stands at 5.34, with a notable 52-week high of 7.47 and a low of 4.01. Furthermore, the company's ability to manage its debt appears weak, as indicated by a poor EBIT to Interest ratio of -2.22. The presence of pledged promoter shares, accounting for 26.9%, adds another layer of risk, particularly in volatile market conditions.

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