Why is Future Market falling/rising?
As of 28-Jul, Future Market Networks Ltd's stock price is declining at 13.12, down 2.81%, with a total drop of 48.87% year-to-date. Despite a strong past year return of 99.70%, the company faces challenges such as high debt and negative sales growth, leading to a more pronounced decline compared to the broader market.
As of 28-Jul, Future Market Networks Ltd is experiencing a decline in its stock price, currently at 13.12, which represents a decrease of 0.38 or 2.81%. The stock has underperformed its sector by 1.57% today and has been on a consecutive downward trend for the last two days, resulting in a total decline of 7.41%. Over the past week, the stock has fallen by 14.81%, and year-to-date, it has seen a significant drop of 48.87%. Despite a strong performance over the past year with a return of 99.70%, the company is currently facing challenges, including a high debt burden and weak long-term growth, as evidenced by a negative annual sales growth rate of 3.53% over the last five years.In the broader market context, the Sensex has only decreased by 1.59% over the past week, indicating that Future Market Networks Ltd's decline is more pronounced than the overall market trend. While the stock has historically outperformed the market, generating substantial returns in the past year, its current financial metrics, including a low Return on Equity and significant losses in profit before tax and profit after tax, suggest underlying weaknesses. The stock's liquidity is adequate, but falling investor participation, as indicated by a 26.79% drop in delivery volume, further contributes to the downward pressure on the stock price.
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