Shree Metalloys Faces Market Volatility Amidst Declining Performance and Low Sales Figures
Shree Metalloys, a microcap NBFC, has seen notable market activity, reaching a new 52-week low while also outperforming its sector. The stock exhibited high volatility and is currently above its 5-day moving average. Financially, the company faces challenges but maintains an attractive valuation with a decent ROCE.
Shree Metalloys, a microcap player in the Non-Banking Financial Company (NBFC) sector, has experienced significant market activity today. The stock reached a new 52-week low of Rs. 30, reflecting a notable decline of 11.76% from its intraday low. Despite this downturn, Shree Metalloys outperformed its sector by 5.53%, opening with a gain of 7.29% and peaking at Rs. 36.48 during the trading session.The stock has shown high volatility today, with an intraday fluctuation of 9.75%. In terms of moving averages, it is currently positioned above its 5-day average but below the 20, 50, 100, and 200-day averages. Over the past year, Shree Metalloys has reported a performance decline of 11.14%, contrasting with the Sensex's minor drop of 0.61%.
Financially, the company has faced challenges, including a low net sales figure of Rs. 17.38 crore and a weak EBIT to interest ratio of 0.84. Despite these hurdles, Shree Metalloys maintains a relatively attractive valuation with a return on capital employed (ROCE) of 5.2 and a PEG ratio of 0.2.
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