Why is Euro Asia Export falling/rising?
As of 04-Jul, Euro Asia Exports Ltd's stock price has risen to Rs. 183.85, marking a 3.6 (2.0%) increase and reaching a new all-time high. Despite a 50.94% return over the last 21 days and a 1029.99% gain over the past year, concerns about the company's long-term fundamentals persist due to a lack of recent financial results and high debt levels.
As of 04-Jul, Euro Asia Exports Ltd is experiencing a price increase, with its current price at Rs. 183.85, reflecting a rise of 3.6 (2.0%). The stock has reached a new 52-week and all-time high today, and it has been on a consecutive gain streak for the last 21 days, accumulating a total return of 50.94% during this period. Additionally, the stock has shown remarkable performance over various time frames, including a staggering 1029.99% return over the past year. However, despite these impressive short-term gains, there are concerns regarding the company's long-term fundamental strength, as it has not declared results in the last six months and has shown poor growth in operating profit.In the broader market context, Euro Asia Exports Ltd has significantly outperformed the benchmark Sensex, which has seen a decline of 0.74% over the past week while the stock itself has surged by 10.32%. This strong performance in the short term contrasts with the overall market trend, indicating investor confidence in the stock despite underlying risks. The company's high Debt to EBITDA ratio and lack of recent financial results raise caution, suggesting that while the stock is currently rising, it may be trading at risky valuations compared to its historical performance.
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