Shiva Texyarn Hits 52-Week Low Amidst Mixed Financial Performance and Weak Fundamentals

Shiva Texyarn, a microcap player in the Garments & Apparels industry, has experienced significant activity today, hitting a 52-week low of Rs 168.2. This decline marks a notable underperformance, with the stock down 2.82% compared to its sector peers. Opening the day with a gap down of 2.24%, Shiva Texyarn has remained at this price level throughout the trading session.
In terms of moving averages, the stock 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, Shiva Texyarn has reported a decline of 8.44%, contrasting sharply with the Sensex's gain of 1.94%.

Despite these challenges, the company has shown positive results in its latest quarterly reports, with net sales growing by 28.13% to Rs 167.76 crore and a significant increase in profit after tax (PAT) of 32.97% to Rs 8.63 crore. However, the long-term fundamentals remain weak, with a low return on capital employed (ROCE) of 5.56% and a high debt-to-EBITDA ratio of 7.46 times, raising concerns about its financial stability.