Arshiya Faces Financial Struggles Amid Significant Stock Volatility and Declining Sales

Arshiya, a microcap player in the transport services industry, has experienced significant volatility, hitting a new 52-week low of Rs. 2.29 today. The stock has underperformed its sector by 5.79%, marking its fourth consecutive day of decline, with a total drop of 17.92% over this period. Notably, Arshiya's trading activity has been erratic, with no trades occurring on two out of the last 20 days.
In terms of moving averages, Arshiya is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a persistent downward trend. Over the past year, the stock has seen a staggering decline of 55.10%, contrasting sharply with the Sensex's modest drop of 1.46%.

Financially, the company has not reported results in the last six months, raising concerns about its long-term fundamental strength. Additionally, net sales have decreased at an annual rate of 12.52% over the past five years, and the company carries a high debt-to-equity ratio of 2.98 times. With raw material costs soaring by 293.04% year-over-year and pre-tax profits plummeting to INR -24,174.11 million, Arshiya's financial health appears precarious.