Why is Basant Agro Tech falling/rising?
As of 24-Sep, Basant Agro Tech (India) Ltd is priced at 14.29, showing a minor increase but remains below key moving averages, indicating a bearish trend. The stock has significantly underperformed the Sensex and faces challenges due to low ROCE, weak growth prospects, and high debt levels.
As of 24-Sep, Basant Agro Tech (India) Ltd is currently priced at 14.29, reflecting an increase of 0.11 or 0.78%. The stock has shown a trend reversal, gaining after three consecutive days of decline. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend overall. Despite today's performance, the stock has underperformed the benchmark Sensex over the past week, month, and year, with returns of -1.58%, -5.49%, and -34.39% respectively. The company's return on capital employed (ROCE) is relatively low at 7, and while it is trading at a discount compared to peers, its long-term growth prospects appear weak, with net sales growing at an annual rate of only 9.80% over the last five years.In the broader market context, the Sensex has shown a slight positive return of 0.50% over the past month, contrasting with Basant Agro Tech's significant decline. This underperformance against the benchmark highlights the stock's struggles in a generally stable market. The falling investor participation, evidenced by a 5.67% drop in delivery volume, further suggests a lack of confidence among investors. Additionally, the company's high debt-to-EBITDA ratio of 3.65 times raises concerns about its ability to service debt, contributing to the stock's negative sentiment. Overall, while there is a minor uptick in price today, the underlying fundamentals and market performance indicate ongoing challenges for Basant Agro Tech.
{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)
{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
Our weekly and monthly stock recommendations are here
Loading...
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Target Price
{{sm.target_price }}
({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
₹{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News
Most Read
