Simran Farms Stock Hits 52-Week Low at Rs. 145 Amid Market Gains

Simran Farms, a microcap player in the FMCG sector, has reached a new 52-week low, hitting Rs. 145 today. This decline marks a significant downturn for the stock, which has underperformed its sector by 2.71% on the day. The stock's intraday low of Rs. 145 represents a 2.91% drop from the previous close.
Over the past year, Simran Farms has seen a substantial decline of 30.03%, contrasting sharply with the Sensex, which has gained 1.41% during the same period. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent downward trend.

Financial metrics reveal a challenging landscape for Simran Farms, with a high Debt to EBITDA ratio of 4.06 times and a negative EBITDA, raising concerns about its ability to service debt. Recent quarterly results have also shown a significant drop in profits, with a 66.8% decline in profit before tax and a 49.1% decrease in profit after tax compared to previous averages. The company's cash and cash equivalents stand at a low Rs. 2.04 crore, further highlighting its financial strain.