Why is Deco-Mica falling/rising?
As of 22-Aug, Deco-Mica Ltd's stock price is at 75.00, down 1.25%, with a year-to-date decline of 7.41% and concerning financial health indicators. Despite a strong three-year performance, recent trends show underperformance compared to the market and declining investor confidence.
As of 22-Aug, Deco-Mica Ltd's stock price is currently at 75.00, reflecting a decrease of 0.95, or 1.25%. The stock has underperformed its sector today by 0.83% and has experienced a consecutive decline over the last two days, resulting in a total drop of 2.56%. Despite a strong performance over the past three years with an increase of 89.16%, the stock has struggled recently, showing a year-to-date decline of 7.41% and a one-year decrease of 11.24%. The company's financial health is concerning, with a high Debt to EBITDA ratio of 3.61 times and a low average Return on Equity of 8.04%, suggesting weak long-term fundamental strength. Additionally, the stock is trading at a discount compared to its peers, but its profits have fallen by 0.9% over the past year, contributing to the negative sentiment.In the broader market context, Deco-Mica's short-term performance contrasts with the Sensex, which has seen a modest increase of 0.88% over the past week. While the stock has outperformed the benchmark in the last week with a gain of 6.38%, its longer-term performance is less favorable, with a significant decline of 6.50% over the past month compared to a slight drop of 1.07% for the Sensex. The falling investor participation, indicated by a dramatic decline in delivery volume, further exacerbates the stock's challenges, suggesting a lack of confidence among investors. Overall, the combination of weak financial indicators and declining market interest is contributing to Deco-Mica's recent price decline.
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