Why is Flora Corporatio falling/rising?
As of 03-Jul, Flora Corporation Ltd's stock price is at 9.03, down 4.95% and has declined 7.76% over the last two days. Despite positive results in March, weak long-term fundamentals and significant underperformance compared to the market indicate a challenging environment for the company.
As of 03-Jul, Flora Corporation Ltd's stock price is currently at 9.03, reflecting a decrease of 0.47, or 4.95%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 7.76%. Over the past week, the stock has decreased by 9.70%, while its performance over the last month shows a decline of 9.52%. Although the company reported positive results in March, including a high debtors turnover ratio and operating profit to net sales, its long-term fundamentals appear weak, with a low return on equity of 2.1 and a poor EBIT to interest ratio. This combination of factors has contributed to the stock's recent downward movement.In the broader market context, the stock has significantly underperformed compared to the benchmark, with a one-year return of -23.41% against the Sensex's gain of 4.07%. The stock's performance today has also lagged behind its sector by 5.4%. Additionally, there has been a notable decline in investor participation, with delivery volume dropping by 85.15% compared to the five-day average, indicating reduced interest in trading the stock. Overall, these factors suggest a challenging environment for Flora Corporation Ltd, leading to its current decline in stock price.
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