Why is Digjam falling/rising?
As of 20-Oct, Digjam Ltd's stock price is at 49.32, down 6.94%. The company faces significant challenges, including high debt, poor financial performance, and declining investor interest, leading to a negative outlook.
As of 20-Oct, Digjam Ltd's stock price is currently at 49.32, reflecting a decline of 3.68, or 6.94%. The stock has shown erratic trading patterns, having not traded on 2 out of the last 20 days. Its moving averages indicate that it is higher than the 100-day and 200-day averages but lower than the 5-day, 20-day, and 50-day averages. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 86.84% against the 5-day average. The company is facing challenges due to high debt, as indicated by a Debt-Equity Ratio of 10.6 times, and has shown poor long-term growth with net sales growing at an annual rate of only 85.49% over the last five years. Furthermore, the company reported a negative EBITDA and a substantial decline in profits over the past year, which has contributed to the stock's downward movement.In the broader market context, the Sensex has increased by 2.44% over the past week, contrasting with Digjam's performance, which has not been reported for the same period. This indicates that while the overall market is experiencing growth, Digjam is struggling significantly. The lack of trading activity and falling investor interest further highlight the stock's challenges, suggesting that it is not keeping pace with market trends. The combination of high debt, poor financial performance, and declining investor confidence has led to a negative outlook for Digjam Ltd, resulting in its current price decline.
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