Why is Amin Tannery falling/rising?
As of 22-Sep, Amin Tannery Ltd's stock price is 2.05, down 1.44%, and has significantly underperformed with a year-to-date return of -18.00%. The company faces high debt levels and poor long-term growth, leading to a strong sell recommendation.
As of 22-Sep, Amin Tannery Ltd's stock price is currently at 2.05, reflecting a decrease of 0.03, or 1.44%. The stock has been underperforming, having lost 2.38% over the last two days and trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the stock has generated a return of -18.00% year-to-date and -14.58% over the past year, consistently underperforming against the benchmark. The company is characterized by high debt levels, with a debt-to-equity ratio of 2.33 times, and has shown poor long-term growth, which has contributed to its weak performance.Broader market context indicates that while the Sensex has gained 0.46% over the past week, Amin Tannery's stock has declined by 1.44%, highlighting its relative weakness in the market. The stock's performance has been further impacted by flat results reported in June and a history of underperformance against the benchmark over the last three years. Despite a rise in investor participation, the overall sentiment remains negative due to the company's high debt and low profitability, leading to a recommendation of a strong sell.
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