Vikas Proppant & Granite Stock Hits New 52-Week Low at Rs. 0.31

Vikas Proppant & Granite has reached a new 52-week low, hitting Rs. 0.31 today, marking a significant downturn for the microcap company in the Other Agricultural Products sector. This decline comes as the stock has underperformed its sector by 3.52% and has experienced a consecutive fall over the last two days, resulting in a total drop of 6.06% during this period.
The stock's performance over the past year has been notably poor, with a decline of 42.59%, contrasting sharply with the Sensex's gain of 8.54%. Vikas Proppant is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained downward trend.

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 declared results in the last six months, contributing to its classification as a risky investment. The stock's previous 52-week high was Rs. 0.59, further emphasizing the extent of its recent decline.