Why is Garware Marine falling/rising?

Jul 01 2025 08:51 PM IST
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As of 01-Jul, Garware Marine Industries Ltd's stock price is at Rs 33.54, having risen 4.98% recently. Despite strong short-term gains and outperformance against the sector, the company faces risks due to weak long-term fundamentals and high valuation relative to peers.
As of 01-Jul, Garware Marine Industries Ltd's stock price is rising, currently at Rs 33.54, reflecting an increase of 1.59 (4.98%). The stock has shown strong performance recently, gaining 33.89% over the last six days and outperforming its sector by 5.55% today. It opened with a gain of 4.98% and reached an intraday high of Rs 33.54. The stock has also demonstrated impressive returns over various periods, including a 172.68% increase over the past year and a staggering 220.96% over the last three years. However, despite this strong performance, the company has weak long-term fundamentals, with an average Return on Equity (ROE) of only 1.29% and poor growth in net sales and operating profit over the past five years.

In the broader market context, Garware Marine's short-term return significantly outpaces the benchmark, with a 27.53% increase over the past week compared to a mere 2.00% rise in the Sensex. This indicates that the stock is not only performing well in isolation but is also gaining traction relative to the overall market. The liquidity of the stock is adequate, with a delivery volume that has increased by 48.87% against the five-day average, suggesting rising investor interest. However, the company's weak ability to service its debt and its expensive valuation relative to peers may pose risks that could affect future performance.
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