Why is Digjam falling/rising?
As of 05-Sep, Digjam Ltd's stock price is at 57.00, showing a slight increase today but facing significant challenges such as high debt, weak growth, and declining investor participation, leading to underperformance against benchmarks. Despite outperforming its sector today, the stock has dropped 11.01% year-to-date, contrasting sharply with broader market gains.
As of 05-Sep, Digjam Ltd's stock price is currently at 57.00, reflecting an increase of 0.2, or 0.35%. The stock has shown mixed performance recently, with a 1-week decline of 1.67% while it has gained 1.32% over the past month. Today's performance indicates that it has outperformed its sector by 0.79%. However, the stock is experiencing falling investor participation, as evidenced by a 17.03% drop in delivery volume compared to the 5-day average. Additionally, the company faces significant challenges, including a high debt-to-equity ratio of 10.6 times, weak long-term growth, and a negative EBITDA, which collectively contribute to its underperformance against benchmarks over the last three years.In the broader market context, the Sensex has increased by 1.13% over the past week, contrasting with Digjam's decline. While the stock has outperformed the sector today, its year-to-date performance shows a significant drop of 11.01%, compared to a 3.29% increase in the benchmark. The company's poor long-term growth, highlighted by an annual net sales growth rate of only 85.49% over the last five years, and a substantial profit decline of 81.2% over the past year, further emphasize its struggles in a rising market. Overall, despite a slight uptick in price today, the underlying fundamentals and market conditions suggest a challenging environment for Digjam Ltd.
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