Nihar Info Global Faces Evaluation Score Adjustment Amidst Declining Stock Performance

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 trends associated with the stock, moving from a mildly bullish stance to a sideways position.
The stock's current price stands at 5.96, down from a previous close of 6.26, with a 52-week high of 7.32 and a low of 4.01. Over the past week, Nihar Info Global has experienced a return of -3.40%, contrasting with a positive return of 1.24% from the Sensex. In the longer term, the stock has shown a decline of -14.61% over the past year, while the Sensex has seen a slight decrease of -1.33%.

Financial metrics indicate challenges, with a return on capital employed (ROCE) averaging 0% and a concerning operating profit growth rate of -262.79% over the last five years. Additionally, the company's ability to manage debt appears weak, as evidenced by an average EBIT to interest ratio of -2.22.

The stock's performance has consistently lagged behind benchmark indices, highlighting a trend of underperformance over the past three years.

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