Why is D & H India falling/rising?
As of 12-Sep, D & H India Ltd's stock price is Rs 173.50, down 1.98%, and has underperformed its sector. Despite strong long-term growth, recent declines are attributed to reduced investor participation and concerns over high debt levels and low profitability.
As of 12-Sep, D & H India Ltd is experiencing a decline in its stock price, currently at Rs 173.50, which reflects a decrease of Rs 3.5 or 1.98%. The stock has underperformed its sector by 3.09% today and opened with a loss of 2.26%. It reached an intraday low of Rs 172, indicating a downward trend. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a healthy long-term growth rate in operating profit and positive results over the last three quarters, the stock's recent performance has been hindered by a significant drop in investor participation, with delivery volume falling by 80.46% against the 5-day average.In the broader market context, D & H India has seen a 1-week return of -6.22%, contrasting sharply with the Sensex, which has gained 1.48% during the same period. While the stock has shown strong long-term performance, including a 15.71% return over the past year, its high Debt to EBITDA ratio of 4.23 times raises concerns about its ability to service debt, which may be affecting investor sentiment. The company’s low return on equity of 7.27% further signifies low profitability per unit of shareholders' funds, contributing to the stock's recent decline amidst a generally positive market environment.
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