Simran Farms Stock Hits 52-Week Low at Rs. 152 Amid Decline

Simran Farms, a microcap player in the FMCG sector, has reached a new 52-week low today, trading at Rs. 152. This decline marks a significant downturn for the company, which has seen its stock price drop by 30.85% over the past year, contrasting sharply with the Sensex's decline of only 3.73% during the same period.
Today's performance reflects a broader market trend, as the Sensex opened lower and is currently down by 0.43%. Simran Farms underperformed its sector by 3.37%, with an intraday low of Rs. 152, indicating continued pressure on its stock. The company is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a persistent downward trend.

Financially, Simran Farms faces challenges, including a high Debt to EBITDA ratio of 4.06 times and a negative EBITDA, which raises concerns about its ability to service debt. The latest quarterly results show a significant decline in both profit before tax and profit after tax, further highlighting the company's struggles. With cash and cash equivalents at a low of Rs. 2.04 crore, the outlook remains cautious as the company navigates these financial hurdles.