Why is Chennai Meena falling/rising?

Jul 04 2025 09:00 PM IST
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As of 04-Jul, Chennai Meenakshi Multispeciality Hospital Ltd's stock price is Rs 33.95, up 3.51% recently, but it has a negative year-to-date return of -19.17% and a one-year return of -9.80%. Despite short-term gains, the stock underperforms the broader market, indicating concerns about its long-term fundamentals and promoter confidence.
As of 04-Jul, Chennai Meenakshi Multispeciality Hospital Ltd's stock price is currently at Rs 33.95, reflecting an increase of 1.15 (3.51%). The stock has been gaining momentum, having risen 4.46% over the last two days and outperforming its sector by 2.67% today. Despite this recent uptick, the stock has shown a negative year-to-date return of -19.17% and a one-year return of -9.80%, indicating a significant underperformance compared to the broader market. Additionally, the company has a negative book value and a weak long-term fundamental strength, with net sales growing at a mere 6.20% annually and an alarming -202.01% operating profit over the last five years. The reduction in promoter confidence, with a 10.06% decrease in their stake, further signals potential concerns about the company's future.

Broader market context indicates that while the stock has experienced a short-term gain, it has underperformed against the benchmark Sensex, which has returned 3.01% over the past month. The stock's performance over the last week shows a slight decline of -0.15%, contrasting with the Sensex's -0.74% drop, suggesting that the stock is currently faring better than the market in the short term. However, the overall negative returns over the past year highlight a troubling trend, as the stock has not kept pace with the market's growth, which has seen a 6.77% increase year-to-date.
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