Why is Delta Manufact. falling/rising?
As of 23-Jul, Delta Manufacturing Ltd's stock price is Rs 92.00, down 3.14% and has underperformed the market with a year-to-date decline of 15.48%. Weak long-term fundamentals and negative investor sentiment contribute to its struggles compared to the broader market.
As of 23-Jul, Delta Manufacturing Ltd's stock price is currently at Rs 92.00, reflecting a decline of Rs 2.98 or 3.14%. The stock has been underperforming, having fallen consecutively for the last three days, with a total decline of 4.76% during this period. It opened the day with a loss of 2.08% and reached an intraday low of Rs 92. The stock's performance over the past week and month shows a decline of 0.54% and 2.65%, respectively, while it has significantly underperformed the sector by 3.91% today. The company's long-term fundamentals appear weak, with net sales decreasing at an annual rate of 7.24% over the last five years and a high debt-to-EBITDA ratio of 1.00 times, contributing to its negative price movement.Broader market context indicates that while the Sensex has shown a slight gain of 0.11% over the past week and 1.01% over the past month, Delta Manufacturing's stock has not followed this trend, highlighting its struggles in comparison to the broader market. The company's performance year-to-date shows a significant decline of 15.48%, contrasting sharply with the Sensex's gain of 5.87%. This divergence suggests that investor sentiment towards Delta Manufacturing is particularly negative, exacerbated by falling investor participation and liquidity issues, which further reflect the stock's challenging position in the market.
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