Why is Ent.Network falling/rising?
As of 30-Jul, Entertainment Network (India) Ltd's stock price is at Rs 146.25, up 6.75%, but it has shown poor long-term growth with a -41.30% return over the past year. Despite a recent price increase, the stock has underperformed the market significantly, indicating ongoing profitability challenges.
As of 30-Jul, Entertainment Network (India) Ltd's stock price is rising, currently at Rs 146.25, reflecting an increase of Rs 9.25 or 6.75%. Today's price summary indicates that the stock has outperformed its sector by 7.44% and has experienced a trend reversal, gaining after two consecutive days of decline. The stock reached an intraday high of Rs 146.3. Despite its recent positive movement, the stock has shown poor long-term growth, with net sales declining at an annual rate of -0.08% and operating profit plummeting by -174.47% over the past five years. Additionally, while the company has a low debt-to-equity ratio, it has faced significant challenges, including a -41.30% return over the past year, indicating a concerning trend in profitability.In the broader market context, the stock's performance over the past week shows a slight decline of -0.58%, while the benchmark Sensex has fallen by -1.50%. This suggests that the stock is performing relatively better than the market in the short term. However, over the last year, the stock has significantly underperformed the market, which generated a negative return of -2.34%. The stark contrast between the stock's -41.30% return and the benchmark's performance highlights the ongoing challenges faced by Entertainment Network (India) Ltd, despite the recent uptick in price.
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