Why is Creative Casting falling/rising?
As of 06-Oct, Creative Castings Ltd's stock price is Rs 561.00, down 4.28% today and significantly underperforming its sector. The company has shown weak fundamentals with a 28.97% decline over the past year and negative profit trends, contributing to investor skepticism.
As of 06-Oct, Creative Castings Ltd's stock price is currently at Rs 561.00, reflecting a decline of Rs 25.1 or 4.28%. The stock has underperformed its sector today by 4.79%, opening with a significant loss of 8.38% and reaching an intraday low of Rs 537. The stock has shown high volatility with an intraday fluctuation of 5.27%. Over the past week, Creative Castings has experienced a return of -7.27%, and its performance over the last year has been particularly poor, with a decline of 28.97%. The company's fundamentals are weak, as indicated by a negative trend in profits, which have fallen by 30.9% over the past year, and it has reported negative results for the last three consecutive quarters. Broader Market Context: In comparison to the Sensex, which has gained 1.77% over the past week, Creative Castings' performance is notably lagging, highlighting its struggle in the current market environment. The stock's long-term performance is also concerning, with a return of -23.67% year-to-date and a significant underperformance against the BSE500 over the last three years. The company's weak operating profit growth and low return on capital employed further contribute to investor skepticism, leading to a lack of confidence in the stock's recovery in the near term.
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