Why is COSCO (India) falling/rising?
As of 12-Sep, COSCO (India) Ltd's stock price is Rs 230.25, down 2.02%, and has significantly underperformed its sector and the broader market. The company faces weak fundamentals, with a -42.29% return over the past year and a high Debt to EBITDA ratio, indicating a challenging financial position.
As of 12-Sep, COSCO (India) Ltd is experiencing a decline in its stock price, currently at Rs 230.25, which reflects a decrease of Rs 4.75 or 2.02%. Today's performance indicates that the stock has underperformed its sector by 2.87%, with an intraday low of Rs 230, marking a 2.13% drop. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. Over the past year, COSCO has generated a return of -42.29%, with profits plummeting by 104.8%. The company also shows weak long-term fundamentals, evidenced by a -3.43% CAGR growth in operating profits over the last five years and a high Debt to EBITDA ratio of 6.11 times, indicating low profitability and a challenging financial position.In the broader market context, COSCO's short-term performance has been notably poor, with a 1-week return of -2.44%, while the Sensex has gained 1.48% in the same period. This stark contrast highlights the stock's underperformance relative to the benchmark. Additionally, the stock's year-to-date performance shows a significant decline of 31.27%, while the Sensex has increased by 4.82%. The falling investor participation, with a delivery volume drop of 49.35% against the 5-day average, further exacerbates the negative sentiment surrounding COSCO (India) Ltd, contributing to its declining stock price.
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