Why is Chordia Food falling/rising?
As of 19-Nov, Chordia Food Products Ltd is currently priced at Rs 76.96, reflecting a recent short-term gain but a long-term decline of 10.51% year-to-date. The stock faces significant challenges, including weak fundamentals and declining investor interest, as indicated by a 45.61% drop in delivery volume.
As of 19-Nov, Chordia Food Products Ltd is experiencing a price increase, currently at Rs 76.96, reflecting a rise of 3.45 or 4.69%. The stock has shown positive momentum recently, gaining 9.93% over the last two days and outperforming its sector by 4.19% today. However, despite this short-term gain, the stock has underperformed in the longer term, with a year-to-date decline of 10.51% and a one-year return of -11.54%. The company faces significant challenges, including weak long-term fundamental strength, as indicated by a -18.34% CAGR growth in operating profits over the last five years and a poor EBIT to interest ratio of -1.33. Additionally, the stock's return on equity is low at 2.18%, suggesting limited profitability per unit of shareholders' funds.In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has gained 0.85% over the past week and 1.47% over the past month. While Chordia Food has shown some short-term recovery, its long-term performance remains concerning, with significant underperformance compared to the broader market indices over various time frames. The falling investor participation, as evidenced by a 45.61% drop in delivery volume, further highlights the challenges the stock faces in attracting sustained interest from investors.
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