Why is Beekay Steel Ind. falling/rising?
As of 17-Sep, Beekay Steel Industries Ltd's stock price is declining at 490.00, down 0.81%, with significant underperformance against its sector and benchmarks. The company faces ongoing challenges with a -24.34% annual return and negative results for five consecutive quarters, leading to decreased investor interest and poor growth prospects.
As of 17-Sep, Beekay Steel Industries Ltd is experiencing a decline in its stock price, currently at 490.00, which reflects a decrease of 4.0 or 0.81%. The stock has underperformed its sector by 0.55% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 81.29% compared to the 5-day average. Over the past year, the stock has generated a return of -24.34%, while profits have decreased by 26%, indicating ongoing challenges for the company. Despite a low Debt to EBITDA ratio of 0.77 and an attractive valuation with a 0.9 Enterprise value to Capital Employed, the company has reported negative results for the last five consecutive quarters, contributing to its declining stock performance.In the broader market context, Beekay Steel's short-term performance is notably weaker than the benchmark, with a 1-week return of -0.31% compared to the Sensex's gain of 1.56%. This trend of underperformance extends to the 1-month period as well, where the stock has decreased by 0.44% against a 2.60% increase in the Sensex. The company's poor long-term growth prospects, evidenced by low net sales growth and operating profit, coupled with minimal interest from domestic mutual funds, further exacerbate the negative sentiment surrounding the stock. Overall, the combination of weak financial performance, declining investor interest, and unfavorable comparisons to market benchmarks are driving the stock's downward trajectory.
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