Vikas Proppant Faces Ongoing Challenges Amid Broader Market Recovery

Mar 27 2025 10:01 AM IST
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Vikas Proppant & Granite has faced notable volatility, reaching a new 52-week low and underperforming its sector. The stock has declined significantly over the past year, contrasting with broader market gains. Concerns about the company's financial health are exacerbated by a lack of recent financial reporting.
Vikas Proppant & Granite, a microcap player in the chemicals industry, has experienced significant volatility today, hitting a new 52-week low of Rs. 0.37. This decline comes as the stock underperformed its sector by 5.55%. Currently, Vikas Proppant is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend.

Over the past year, the stock has seen a substantial decline of 28.85%, contrasting sharply with the Sensex's performance, which has risen by 6.28% during the same period. The company's financial health raises concerns, highlighted by a high Debt to EBITDA ratio of 10.88 times and a low Return on Equity of 4.69%. Additionally, Vikas Proppant has not reported any financial results in the last six months, further complicating its market position.

As the broader market, represented by the Sensex, shows signs of recovery, Vikas Proppant's ongoing challenges underscore its weak long-term fundamentals and technical indicators, which remain firmly in a bearish range.
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