Why is Cords Cable falling/rising?

Sep 17 2025 10:05 PM IST
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As of 17-Sep, Cords Cable Industries Ltd's stock price is 180.00, reflecting a slight decline of 0.19%. Despite recent positive financial results and outperformance in the short term, the stock has underperformed over the past year due to concerns about debt servicing and profitability.
As of 17-Sep, Cords Cable Industries Ltd is experiencing a slight decline in its stock price, currently at 180.00, which reflects a decrease of 0.35 or 0.19%. Today's price summary indicates that the stock has outperformed its sector by 0.73%, with a notable increase in delivery volume, rising by 87.02% against the 5-day average. Over the past week, the stock has shown a positive return of 2.39%, although it has underperformed in the longer term, with a year-to-date decline of 14.08%. The company has reported positive financial results for the last seven consecutive quarters, with significant growth in profit after tax and net sales, contributing to an attractive valuation compared to its peers. However, the stock's performance has been hindered by a weak ability to service debt and low profitability per unit of shareholders' funds, which may be impacting investor sentiment.

In the broader market context, Cords Cable's short-term performance has outpaced the benchmark Sensex, which has increased by 1.56% over the same week. Despite this, the stock has significantly underperformed over the past year, with a decline of 13.04% compared to the Sensex's minor drop of 0.46%. This disparity highlights the stock's struggles in maintaining investor confidence, particularly given its poor long-term growth metrics and the overall market's relatively stable performance. The combination of strong recent financial results and ongoing concerns about debt servicing and profitability may be contributing to the stock's current price movement.
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