Why is Epic Energy falling/rising?
As of 23-Sep, Epic Energy Ltd's stock price is Rs 46.90, down 2.21% and has declined 9.89% over the last three days. The stock has significantly underperformed the Sensex and shows weak long-term fundamentals, including a low return on equity and high valuation concerns.
As of 23-Sep, Epic Energy Ltd's stock price is currently at Rs 46.90, reflecting a decrease of Rs 1.06 or 2.21%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 9.89% during this period. Today's trading saw the stock reach an intraday high of Rs 49.73 but also dip to a low of Rs 45.57. The stock's performance over the past week shows a decline of 0.68%, and it has significantly underperformed the benchmark Sensex, which has only decreased by 0.34%. Additionally, the stock's long-term fundamentals appear weak, with a low return on equity (ROE) of 4.37% and a concerning EBIT to Interest ratio of -0.02, indicating challenges in servicing debt.Broader market context reveals that while the Sensex has shown a positive return of 5.07% year-to-date, Epic Energy has drastically underperformed with a staggering decline of 59.78% in the same timeframe. The stock's liquidity is also a concern, as evidenced by a 36.86% drop in delivery volume compared to the five-day average. Despite a historical performance that shows a significant increase over three and five years, the current weak operating profit growth and high valuation relative to peers contribute to a negative sentiment around the stock, leading to its recent price decline.
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