Jindal Worldwide Hits New 52-Week Low at Rs. 33.37

Jindal Worldwide, a small-cap player in the Garments & Apparels industry, has reached a new 52-week low of Rs. 33.37 today, marking a significant downturn for the stock. This decline comes as the company has underperformed its sector by 1.17% and has experienced a consecutive fall over the past three days, resulting in a total drop of 2.81% during this period.
The stock's performance over the past year has been notably challenging, with a staggering decline of 39.96%, contrasting sharply with the Sensex's positive performance of 9.49%. Jindal Worldwide is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent downward trend.

Financial metrics reveal a weak long-term fundamental strength, highlighted by a -18.86% CAGR growth in operating profits over the last five years and a high debt-to-EBITDA ratio of 2.81 times. Recent quarterly results also reflect a decline, with a PAT of Rs. 11.91 crore, down 31.3%, and the lowest operating profit to net sales ratio at 5.33%. Despite these challenges, promoter confidence appears to be rising, with a 1.36% increase in their stake, now totaling 61.15%.