Nettlinx Stock Plummets to New 52-Week Low of Rs. 19.99
Nettlinx, a telecom services microcap, has hit a new 52-week low, reflecting a challenging year with a 75.30% stock price decline. The company has reported negative results for three consecutive quarters, including a significant drop in net sales and low return on equity, raising concerns about its market position.
Nettlinx, a microcap player in the telecom services industry, has reached a new 52-week low of Rs. 19.99 today, marking a significant downturn for the stock. This decline comes amid a broader market trend, as the Sensex has also experienced volatility, currently trading down by 344.76 points after an initial positive opening.Over the past year, Nettlinx has faced considerable challenges, with a staggering 75.30% drop in its stock price. The company's performance metrics reveal a concerning picture, with negative results reported for the last three consecutive quarters. The latest six-month profit after tax stands at Rs. -1.16 crore, reflecting a decline of 29.85%. Additionally, net sales for the most recent quarter have fallen by 19% compared to the previous four-quarter average.
Nettlinx is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent downward trend. The company's return on equity averages only 3.29%, highlighting low profitability relative to shareholder funds. As it navigates these financial hurdles, Nettlinx's position in the market remains under scrutiny.
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