Why is Bhagyanagar Ind falling/rising?
As of 02-Jul, Bhagyanagar India Ltd's stock price is at 79.00, down 0.08%. The stock has declined 1.86% over the last three days and 4.07% over the past week, underperforming the market significantly due to a 69.3% drop in profits and weak long-term fundamentals.
As of 02-Jul, Bhagyanagar India Ltd's stock price is currently at 79.00, reflecting a decrease of 0.06, or 0.08%. The stock has been experiencing a downward trend, having fallen for the last three consecutive days, resulting in a total decline of 1.86% during this period. Over the past week, the stock has underperformed significantly, with a return of -4.07%, while the Sensex has gained 0.79%. Despite some positive financial results, including the highest cash and cash equivalents and net sales reported, the stock has suffered from a substantial decline in profits, down 69.3%, and has underperformed the market over the past year with a return of -27.59%.In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as the Sensex has shown a positive return of 2.50% over the past month and 6.75% year-to-date. The company's weak long-term fundamental strength, indicated by a high Debt to EBITDA ratio and an average Return on Capital Employed of 7.02%, raises concerns about its ability to service debt, further contributing to investor hesitance. Additionally, a notable drop in delivery volume by 31.34% against the five-day average suggests falling investor participation, which may be influencing the stock's recent decline.
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