Why is Dredging Corpn. falling/rising?
As of 04-Jul, Dredging Corporation of India Ltd's stock price is 701.00, down -0.04%, and has underperformed significantly over the past month and year with declines of -10.71% and -47.56%, respectively. Despite some positive quarterly results, the company faces serious long-term challenges, including a negative growth rate in operating profits and a poor EBIT to interest ratio.
As of 04-Jul, Dredging Corporation of India Ltd is experiencing a decline in its stock price, currently at 701.00, reflecting a decrease of -0.3 or -0.04%. The stock has been underperforming, having fallen for three consecutive days with a total return of -1.85% during this period. Additionally, the stock's performance over the past week shows a decline of -0.48%, while it has significantly underperformed the market over the past month and year, with returns of -10.71% and -47.56% respectively. Despite some positive results in the latest quarter, such as the highest operating profit to interest ratio and net sales, the company faces serious challenges, including a weak long-term fundamental strength indicated by a -188.62% CAGR growth in operating profits over the last five years and a poor EBIT to interest ratio of -0.93.In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as the Sensex has shown a positive return of +3.01% over the past month and +4.23% over the past year. This stark difference highlights the stock's struggle to keep pace with market trends, further compounded by a significant drop in investor participation, as evidenced by a -36.92% decline in delivery volume compared to the five-day average. The liquidity of the stock remains adequate for trading, but the overall negative sentiment surrounding its operational profitability and ability to generate returns for shareholders continues to weigh heavily on its performance.
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