Why is Borosil Renew. falling/rising?
As of 11-Nov, Borosil Renewables Ltd is seeing a price increase to Rs. 699.70, with a recent 52-week high of Rs. 705.25 and a 6.52% gain over the last two days. However, concerns remain due to weak long-term fundamentals and low domestic mutual fund investment.
As of 11-Nov, Borosil Renewables Ltd is experiencing a price increase, with its current price at Rs. 699.70, reflecting a rise of 24.15 (3.57%). The stock has recently hit a new 52-week high of Rs. 705.25 and has outperformed its sector by 1.83%. Over the last two days, the stock has gained 6.52%, supported by a significant increase in delivery volume, which rose by 86.18% compared to the 5-day average. Despite this positive momentum, the company faces challenges, including a 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 raise concerns among investors.In the broader market context, Borosil Renewables has outperformed the benchmark Sensex, with a 1-week return of +5.53% compared to the Sensex's +0.49%. The stock's strong performance over the past year, generating a return of 39.08% against the market's 4.43%, highlights its market-beating capabilities. However, the low stake held by domestic mutual funds at only 0.97% suggests a lack of confidence in the stock's valuation or business fundamentals, which could temper enthusiasm despite the recent price gains.
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