Why is Garnet Intl. falling/rising?
As of 09-Jul, Garnet International Ltd's stock price is at 124.75, down 0.2% and has fallen 4.95% over the last four days. Despite a 36.88% return over the past year, weak long-term fundamentals and recent negative financial results are contributing to its underperformance relative to the market.
As of 09-Jul, Garnet International Ltd's stock price is currently at 124.75, reflecting a decrease of 0.25 or 0.2%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total decline of 4.95% during this period. Additionally, the stock's performance today has underperformed its sector by 0.58%. Despite generating a notable return of 36.88% over the past year, the company faces challenges with weak long-term fundamentals, evidenced by a low average Return on Equity (ROE) of 2.67% and a significant decline in net sales. The recent negative financial results, including an 86.33% drop in net sales and profit after tax, further contribute to the stock's downward pressure.In the broader market context, Garnet International Ltd's short-term performance has been notably weaker than the benchmark, with a 1-week return of -4.48% compared to the Sensex's slight gain of 0.15%. This underperformance highlights the stock's struggles relative to the overall market. The falling investor participation, indicated by a 45.9% drop in delivery volume, suggests a lack of confidence among investors, which may be exacerbating the stock's decline. While the stock remains liquid enough for trading, the combination of weak fundamentals and recent negative performance trends indicates a challenging environment for Garnet International Ltd.
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