Shangar Decor Faces Severe Financial Challenges Amidst Persistent Stock Decline

Shangar Decor, a microcap company in the diversified commercial services sector, has experienced significant volatility today, hitting a new 52-week low of Rs. 0.59. This marks a notable decline, as the stock has underperformed its sector by 4.66% and has seen a consecutive drop over the past three days, totaling a decline of 13.24%.
In terms of moving averages, Shangar Decor 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 faced a staggering decline of 61.69%, contrasting sharply with the Sensex's positive performance of 3.98% during the same period.

Financially, Shangar Decor is grappling with operating losses and a high debt-to-EBITDA ratio of 4.05 times, which raises concerns about its ability to service debt. The company's recent quarterly results reflect a significant downturn, with a PAT of Rs. -1.59 crore, marking a 352.4% decline. Additionally, promoter holding has decreased to 2.96%, further highlighting challenges within the company.