Shree Steel Wire Ropes Faces Volatility Amid Declining Performance and Debt Challenges
Shree Steel Wire Ropes has seen notable trading activity, hitting a new 52-week low while experiencing high volatility. The stock is currently above its 5-day moving average but below longer-term averages. Financial challenges include a significant decline in operating profits and weak debt servicing capabilities.
Shree Steel Wire Ropes has experienced significant activity today, marking a notable moment in its trading history. The stock reached a new 52-week low of Rs. 30, reflecting a decline of 13.04% from its intraday high of Rs. 36. Despite this downturn, the stock outperformed its sector by 2.68% today, opening with a gain of 4.35%. The stock has shown high volatility, with an intraday fluctuation of 9.09%. In terms of moving averages, Shree Steel Wire Ropes is currently above its 5-day moving average but below its 20-day, 50-day, 100-day, and 200-day averages. Over the past year, the stock has reported a performance decline of 15.79%, contrasting with the Sensex's modest gain of 0.44%.
Financially, the company has faced challenges, including a significant negative compound annual growth rate (CAGR) of -160.34% in operating profits over the last five years. Additionally, its ability to service debt appears weak, with an average EBIT to interest ratio of 0.57. The stock's technical indicators suggest a bearish trend, further complicating its market position.
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