Why is Amin Tannery falling/rising?
As of 02-Sep, Amin Tannery Ltd's stock price is 1.98, down 1.0%, and has underperformed its sector and the benchmark significantly. The company faces high debt levels and weak fundamentals, leading to a classification as a strong sell.
As of 02-Sep, Amin Tannery Ltd's stock price is currently at 1.98, reflecting a decrease of 0.02 or 1.0%. The stock has underperformed its sector today by 1.14%, and it is trading below all its moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Over the past week, the stock has declined by 1.98%, and it has seen a significant drop of 20.80% year-to-date. Despite a recent increase in delivery volume by 89.66% against the 5-day average, the company is characterized by high debt levels, with a debt-to-equity ratio of 2.38 times, and has shown weak long-term fundamental strength, including low profitability as indicated by a return on equity of only 2.79%.In the broader market context, Amin Tannery's short-term performance has been notably weaker than the benchmark, with the Sensex declining only 0.78% over the past week. The stock has consistently underperformed against the benchmark over the last three years, generating negative returns of 20.80% in the past year compared to the Sensex's positive return of 2.58% year-to-date. This persistent underperformance, coupled with flat results in June and poor long-term growth metrics, contributes to the negative sentiment surrounding the stock, reinforcing its classification as a strong sell.
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