Why is COSCO (India) falling/rising?
As of 23-Sep, COSCO (India) Ltd is priced at 250.00, with a recent slight increase but a significant year-long decline of -28.69%. The stock shows weak fundamentals with low ROCE and high debt, and despite outperforming the Sensex today, its year-to-date performance remains poor.
As of 23-Sep, COSCO (India) Ltd is currently priced at 250.00, reflecting a slight increase of 0.1 (0.04%). The stock has been gaining for the last two days, with a total return of 0.42% during this period. Despite this recent uptick, the stock has underperformed significantly over the past year, generating a return of -28.69%. The company has a low Return on Capital Employed (ROCE) of 4.9 and a high Debt to EBITDA ratio of 6.11, indicating weak long-term fundamental strength. Additionally, the stock is trading at a discount compared to its peers, but its profits have fallen by -104.8%, which may contribute to investor caution.In the broader market context, COSCO (India) has outperformed the Sensex by 1.23% today, while its one-week return stands at +0.93%, contrasting with the Sensex's decline of -0.34%. However, the stock's year-to-date performance remains concerning, with a decline of -25.37% compared to the Sensex's gain of +5.07%. The falling delivery volume, which has decreased by -74.68% against the five-day average, suggests diminishing investor participation, further complicating the stock's outlook despite its recent gains.
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