Hindustan Motors Stock Plummets to New 52-Week Low at Rs. 18

Hindustan Motors has reached a new 52-week low, hitting Rs. 18 today, marking a significant downturn for the microcap automobile company. This decline comes as the stock has underperformed its sector by 1.79% and has experienced a consecutive fall over the past three days, resulting in a total decrease of 2.9% during this period.
The company's performance metrics indicate a challenging landscape, with Hindustan Motors trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past year, the stock has recorded a decline of 25.46%, contrasting sharply with the Sensex, which has gained 3.81% in the same timeframe.

Financially, Hindustan Motors faces difficulties, including a high Debt to EBITDA ratio of -1.00 times and negative returns on capital employed (ROCE). The company has reported losses for the last three consecutive quarters, with a significant drop in profit after tax over the latest six months. As the market continues to react to these developments, Hindustan Motors remains under scrutiny for its long-term growth prospects.