Why is BIGBLOC Const. falling/rising?
As of 19-Aug, BIGBLOC Construction Ltd's stock price is Rs 56.72, up 11.35% today, but it has declined 55.42% over the past year, facing significant financial challenges and a lack of investor confidence. Despite recent short-term gains, its long-term performance remains concerning compared to the broader market.
As of 19-Aug, BIGBLOC Construction Ltd's stock price is currently at Rs 56.72, reflecting an increase of Rs 5.78 or 11.35%. The stock has shown a strong performance today, outperforming its sector by 10.58% and achieving a consecutive gain over the last two days with a total return of 13.28%. Despite this positive short-term movement, the stock has experienced significant declines over the past year, with a return of -55.42%. The company faces challenges, including a high Debt to EBITDA ratio of 3.46, negative results for the last five consecutive quarters, and a low return on capital employed (ROCE) of 4.6, which contribute to its perception as a strong sell. Additionally, the lack of domestic mutual fund investment suggests a lack of confidence in the company's prospects.Broader market context indicates that while BIGBLOC Construction has gained 10.87% over the past week, the benchmark Sensex has only increased by 1.76% during the same period. However, the stock's long-term performance remains concerning, with a year-to-date decline of -45.88% compared to a 4.49% increase in the Sensex. This stark contrast highlights the stock's underperformance relative to the broader market, despite its recent gains. The volatility and trading activity today, including a significant increase in delivery volume, may reflect short-term trading interest, but the overall negative financial indicators and poor long-term growth prospects continue to weigh heavily on investor sentiment.
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