Why is Chennai Meena falling/rising?

Jul 16 2025 09:10 PM IST
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As of 16-Jul, Chennai Meenakshi Multispeciality Hospital Ltd's stock is at 33.74, down 3.05%. Despite some resilience compared to the broader market, the company faces significant challenges, including high debt and negative growth indicators, making it a risky investment.
As of 16-Jul, Chennai Meenakshi Multispeciality Hospital Ltd's stock price is currently at 33.74, reflecting a decline of 1.06, or 3.05%. The stock has underperformed its sector by 1.29% today, despite showing higher performance than its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains lower than the 200-day moving average. The stock has experienced a mixed performance over various periods, with a year-to-date decline of 19.67% and a one-year return of -6.25%, while it has shown strong growth over the longer term, with a 3-year return of 93.91%. The company faces significant challenges, including a negative book value and weak long-term growth, as evidenced by a 95% drop in profits over the past year.

Broader market context indicates that the Sensex has shown a slight decline of 1.08% over the past week, while Chennai Meenakshi's stock has increased by 1.32% during the same period, suggesting some resilience relative to the broader market. However, the company's high debt levels and negative EBITDA position it as a risky investment, which may contribute to the stock's current downward movement. The liquidity of the stock appears adequate, with a notable increase in delivery volume, indicating rising investor participation, but the overall negative financial indicators and poor long-term growth prospects overshadow these positive signs.
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