Why is Astron Paper falling/rising?
As of 24-Jun, Astron Paper & Board Mill Ltd's stock price has declined to 15.12, down 4.67%, with a total drop of 22.74% over the last 10 days. The company faces significant financial challenges, including consecutive operating losses, a sharp decline in net sales, and a weak ability to service debt, contributing to its poor market performance.
As of 24-Jun, Astron Paper & Board Mill Ltd is experiencing a decline in its stock price, currently at 15.12, which reflects a decrease of 0.74 or 4.67%. The stock has been underperforming significantly, with a consecutive fall over the last 10 days resulting in a total decline of 22.74%. It is trading below all its moving averages, indicating a bearish trend. The company's financial health is concerning, as it has reported operating losses and negative results for the last five consecutive quarters, with net sales down by 83.73% and a negative EBITDA. Additionally, the company's ability to service its debt is weak, as evidenced by a poor EBIT to interest ratio of -0.33, which further contributes to the stock's downward pressure.In the broader market context, Astron Paper's performance has been notably poor compared to the benchmark, with a year-to-date return of -34.40% against a positive return of 5.01% for the Sensex. Over the past three years, the stock has consistently underperformed, generating a return of -58.97% while the benchmark has gained 55.62%. Despite a slight increase in delivery volume, the overall sentiment remains negative due to the company's weak fundamentals and consistent losses, leading to a perception of high risk among investors.
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