Why is Gala Precis. Eng falling/rising?
As of 16-Jun, Gala Precision Engineering Ltd's stock price is Rs 891.90, down 1.68% and underperforming the market with a 32.22% year-to-date decline. Despite a strong ability to service debt and healthy long-term growth, the stock has seen reduced investor participation and has lagged behind the benchmark Sensex.
As of 16-Jun, Gala Precision Engineering Ltd is experiencing a decline in its stock price, currently at Rs 891.90, which represents a decrease of Rs 15.2 or 1.68%. The stock has been underperforming, having fallen consecutively for the last five days and showing a total return of -7.56% over the past week. Today's performance indicates that it has underperformed its sector by 1.55%, with an intraday low of Rs 884.6. Additionally, the stock's delivery volume has significantly decreased by 51.96% compared to the five-day average, suggesting a drop in investor participation. Despite these challenges, the company has a strong ability to service its debt, evidenced by a low Debt to EBITDA ratio of 0.67 times, and has shown healthy long-term growth with an annual operating profit growth rate of 32.49%.In the broader market context, the stock's recent performance contrasts sharply with the benchmark Sensex, which has only declined by 0.79% over the past week. This indicates that Gala Precision Engineering Ltd is not only falling in absolute terms but is also lagging behind the overall market trend. The company's year-to-date performance shows a significant decline of 32.22%, while the Sensex has gained 4.68% during the same period. This stark difference highlights the company's struggles relative to the market, despite positive financial results reported for the quarter ending March 25, which included record net sales and profit figures.
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