Why is Athena Global falling/rising?

Jul 16 2025 09:49 PM IST
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As of 16-Jul, Athena Global Technologies Ltd's stock price is at 87.99, down 0.58%, and has seen a total decline of 2.77% over the last three days. The company is facing significant financial challenges, including operating losses and a year-to-date decline of 14.56%, contributing to its underperformance relative to the market.
As of 16-Jul, Athena Global Technologies Ltd is experiencing a decline in its stock price, currently at 87.99, reflecting a decrease of 0.51 or 0.58%. The stock has underperformed its sector by 1.05% today and has been on a consecutive downward trend for the last three days, accumulating a total drop of 2.77%. Over the past week, the stock has decreased by 0.63%, and its year-to-date performance shows a significant decline of 14.56%. The company is facing operating losses, with net sales decreasing at an annual rate of 9.97% and a troubling debt to EBITDA ratio of -1.00 times, indicating a low ability to service its debt. Additionally, the recent financial results have shown a substantial drop in profit after tax, further contributing to the stock's negative sentiment.

In the broader market context, the stock's short-term performance has been less favorable compared to the benchmark, with the Sensex declining by 1.08% over the same week while the stock itself fell by 0.63%. This underperformance is compounded by the company's weak long-term fundamentals, as evidenced by a 27.07% decline in stock returns over the past year, contrasting sharply with the Sensex's modest gain of 2.38% in the same period. The overall market conditions and the company's financial struggles have created a challenging environment for Athena Global, leading to its current price decline.
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