Why is Gagan Gases falling/rising?

Jun 12 2025 09:12 PM IST
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As of 12-Jun, Gagan Gases Ltd's stock price is at 22.01, down 4.3% and underperforming its sector. Despite positive quarterly results, the stock shows weak long-term fundamentals and a year-to-date decline of 9.24%.
As of 12-Jun, Gagan Gases Ltd's stock price is currently at 22.01, reflecting a decline of 0.99 or 4.3%. The stock has been underperforming, having fallen for the last two consecutive days with a total drop of 6.3%. In today's performance summary, it underperformed its sector by 2.26%. Over the past week, the stock has shown a positive return of 7.37%, but it has a year-to-date decline of 9.24%. Despite declaring positive results for the last three consecutive quarters, including the highest quarterly PBDIT, PAT, and EPS, the stock's long-term fundamental strength appears weak, with a low EBIT to Interest ratio and a modest growth rate in operating profits.

In the broader market context, the Sensex has shown a slight increase of 0.31% over the past week, contrasting with Gagan Gases' recent performance. While the stock has outperformed the benchmark in the short term, its year-to-date performance lags behind the Sensex, which has gained 4.55%. The industrial gases and fuels sector has also seen a decline of 2.21%, contributing to the stock's downward movement. Additionally, a significant drop in investor participation, with delivery volume falling by 20.65% against the five-day average, indicates a lack of confidence among investors, further exacerbating the stock's decline.
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