Why is Garware Marine falling/rising?
As of 18-Nov, Garware Marine Industries Ltd's stock price is Rs 27.35, down 4.0%, and has underperformed significantly over the past year with a return of -27.45%. Weak fundamentals and a stark contrast to the broader market's positive performance indicate ongoing challenges for the company.
As of 18-Nov, Garware Marine Industries Ltd is experiencing a decline in its stock price, currently at Rs 27.35, which represents a decrease of 1.14 (-4.0%). The stock has been underperforming, having lost 7.38% over the last three days and is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the stock has underperformed the sector by 3.37% today. Over the past year, Garware Marine has generated a return of -27.45%, significantly lagging behind the benchmark's return of 9.48%. The company's weak long-term fundamentals, characterized by a -0.81% CAGR growth in operating profits over the last five years and a poor EBIT to Interest ratio of -0.01, further contribute to its declining stock performance.In the broader market context, while the Sensex has shown a positive return of 0.96% over the past week, Garware Marine's stock has declined by 5.79% in the same period. This stark contrast highlights the stock's struggles relative to the overall market. Despite a recent increase in investor participation, as evidenced by a 54.74% rise in delivery volume, the company's low profitability, indicated by an average Return on Equity of just 1.18%, and a very expensive valuation compared to its peers, suggest that investor sentiment remains negative. The stock's significant underperformance over the past year, coupled with flat results in its latest financial report, reinforces the challenges it faces in regaining investor confidence.
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