Nicco Parks & Resorts Stock Plummets to New 52-Week Low at Rs. 83.65

Nicco Parks & Resorts has reached a new 52-week low, hitting Rs. 83.65 today, marking a significant decline in its stock performance. This drop comes as the company has faced a challenging period, with its stock underperforming the sector by 1% and experiencing a consecutive fall over the last two days, resulting in an overall decline of 8.94%.
The stock's performance has been notably weak, trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past year, Nicco Parks & Resorts has reported a substantial decline of 36.19%, contrasting sharply with the Sensex's positive performance of 8.55% during the same timeframe.

Financial metrics indicate a decline in net sales by 16.49%, alongside a significant drop in profit after tax, which fell by 95.6% in the latest quarter. The company's operating cash flow has also reached a low of Rs. 16.00 crore. Despite these challenges, Nicco Parks maintains a low debt-to-equity ratio and has demonstrated high management efficiency with a return on equity of 20.5%.