Salasar Techno Engineering Hits 52-Week Low Amidst Persistent Downward Trend and Financial Struggles

Salasar Techno Engineering, a small-cap player in the industrial manufacturing sector, has reached a new 52-week low of Rs. 7.05 today, marking a significant downturn in its performance. The stock has underperformed its sector by 1.43% and has seen a consecutive decline over the past three days, resulting in a total drop of 7.56%.
In terms of moving averages, Salasar Techno 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 experienced a staggering decline of 63.27%, contrasting sharply with the Sensex, which has gained 4.28% during the same period.

Financial metrics reveal challenges for the company, including a high Debt to EBITDA ratio of 2.87 times, suggesting difficulties in servicing debt. Additionally, the Return on Equity stands at a modest 9.81%, reflecting low profitability. Recent financial results have also been concerning, with a reported PAT of Rs. -5.30 crore, a decline of 131.2%. Promoter confidence appears to be waning, as their stake has decreased by 2.45% in the last quarter.