Why is Dec.Gold Mines falling/rising?
As of 15-Jul, Deccan Gold Mines Ltd's stock price is declining at 142.25, down 1.32%, and has underperformed its sector. Despite strong long-term gains, recent operating losses and a high Debt to EBITDA ratio raise concerns about investor confidence and future prospects.
As of 15-Jul, Deccan Gold Mines Ltd is experiencing a decline in its stock price, currently at 142.25, which reflects a decrease of 1.9 or 1.32%. The stock has underperformed its sector by 1.71% today and has been on a consecutive fall for the last two days, resulting in a total drop of 2.23% during this period. Although the stock has shown strong performance over the longer term, with a 25.33% increase year-to-date and a remarkable 504.03% rise over the past three years, recent operating losses and a negative EBITDA signal underlying weaknesses. The company's ability to service debt is also concerning, as indicated by a high Debt to EBITDA ratio, which may deter investor confidence.In the broader market context, the stock's short-term performance has been notably weaker than the benchmark, with a 7.66% decline over the past week compared to a 1.36% drop in the Sensex. This underperformance, coupled with a significant drop in delivery volume by 44.52% against the five-day average, suggests a decrease in investor participation and interest. Furthermore, the lack of domestic mutual fund investment, which stands at 0%, may indicate a lack of confidence in the company's future prospects, contributing to the stock's current downward trend.
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