Why is Darshan Orna falling/rising?
As of 22-Sep, Darshan Orna Ltd's stock price is 2.53, down 0.39%, and has lost 4.89% over the last three days. The stock is trading below all major moving averages, has weak fundamentals, and has significantly underperformed the market with a one-year return of -47.84%.
As of 22-Sep, Darshan Orna Ltd's stock price is currently at 2.53, reflecting a decrease of 0.01 or 0.39%. The stock has been experiencing a downward trend, having lost 4.89% over the last three days and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a rise in delivery volume by 22.92% against the 5-day average, the stock's long-term fundamentals are weak, evidenced by a -7.15% CAGR growth in operating profits over the past five years and a negative EBITDA. The company's ability to service its debt is also concerning, with a poor EBIT to Interest ratio of 0.06, contributing to its recent price decline.In the broader market context, the stock has underperformed significantly compared to the benchmark, with a one-year return of -47.84% against the BSE500's -3.80%. While the stock has shown some positive movement in the last month with a 0.80% increase, it remains substantially lower year-to-date by 22.87%. The overall market has seen a slight gain of 0.46% over the past week, contrasting with Darshan Orna's decline of 2.32% in the same period. This underperformance highlights the stock's struggles in a generally improving market environment.
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