Why is Chrome Silicon falling/rising?
As of 01-Sep, Chrome Silicon Ltd's stock is priced at 45.36, down 5.34% and underperforming its sector. Despite a year-to-date decline of 20.62%, it has generated an 11.72% return over the past year, indicating market-beating performance amid operational challenges.
As of 01-Sep, Chrome Silicon Ltd's stock is currently priced at 45.36, reflecting a decline of 2.56 or 5.34%. Today's price summary indicates that the stock has underperformed its sector by 7.77% and has experienced consecutive falls over the last two days, totaling a drop of 5.4%. Although the stock opened with a gain of 2.07% and reached an intraday high of Rs 48.91, it also hit a low of Rs 41.5, showcasing significant volatility with an intraday range of Rs 7.41. The stock's performance over the past month shows a decline of 8.14%, while it has generated a return of 11.72% over the past year despite facing operating losses and a weak long-term fundamental strength, as indicated by a negative growth rate in operating profit and a poor EBIT to interest ratio.Broader market context reveals that while the stock has struggled recently, the benchmark Sensex has also faced challenges, with a slight decline of 0.29% over the past month. However, the stock's year-to-date performance is notably worse, down 20.62% compared to the Sensex's gain of 2.85%. The broader market has seen negative returns of 4.75% in the last year, yet Chrome Silicon's ability to generate positive returns in that timeframe highlights its market-beating performance despite the underlying issues of poor sales growth and negative EBITDA, which contribute to its current downward price movement.
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