Why is D & H India falling/rising?
As of 16-Sep, D & H India Ltd's stock price is Rs 173.15, down 2.37%, and underperformed its sector by 2.55%. Despite strong long-term growth metrics, recent declines in investor participation and high debt levels have negatively impacted its performance.
As of 16-Sep, D & H India Ltd's stock price is currently at Rs 173.15, reflecting a decrease of Rs 4.2, or 2.37%. The stock has underperformed its sector today by 2.55%, having touched an intraday low of Rs 170.2, which is a decline of 4.03%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite a strong long-term growth outlook, with operating profit increasing at an annual rate of 63.48% and positive results for the last three consecutive quarters, the stock's recent performance has been negatively impacted by a significant drop in investor participation, with delivery volume falling by 61.13% against the 5-day average.In the broader market context, D & H India has seen a decline of 10.47% over the past month, while the benchmark Sensex has gained 2.21% during the same period. This stark contrast highlights the stock's underperformance relative to the market. Although the company has shown healthy growth metrics, such as a 150.75% increase in PAT and a PEG ratio of 0.3, concerns about its high Debt to EBITDA ratio of 4.23 times and a low average Return on Equity of 7.27% suggest challenges in servicing debt and profitability, which may be contributing to the stock's downward movement.
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