Why is Borosil Renew. falling/rising?
As of 19-Sep, Borosil Renewables Ltd's stock price is Rs 571.00, up 2.67%, but it has underperformed the Sensex over the past week and month. Despite a 14.60% annual return, concerns about weak fundamentals and declining investor participation may affect future confidence in the stock.
As of 19-Sep, Borosil Renewables Ltd's stock price is currently at Rs 571.00, reflecting an increase of Rs 14.85 or 2.67%. The stock has shown a trend reversal by gaining after two consecutive days of decline, and it outperformed its sector by 5.94% today. Despite a slight increase in the short term, the stock has underperformed the Sensex over the past week and month, with returns of +0.13% and -0.84% respectively. While the stock has generated a notable return of 14.60% over the past year, it faces challenges such as weak long-term fundamental strength, indicated by a -193.46% CAGR growth in operating profits over the last five years and a high Debt to EBITDA ratio of 2.73 times, which may deter investor confidence.In the broader market context, the stock's performance has been mixed compared to the benchmark, as it has lagged behind the Sensex's returns of +0.88% over the past week and +1.20% over the past month. The overall market has generated negative returns of -1.96% in the last year, yet Borosil Renewables has managed to outperform this trend, which may attract some investors. However, the declining investor participation, as evidenced by a significant drop in delivery volume, and the low stake held by domestic mutual funds suggest caution among investors regarding the stock's valuation and future profitability.
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