Why is Go Fashion (I) falling/rising?
As of 01-Sep, Go Fashion (India) Ltd is priced at 699.70, showing a slight decline and a year-to-date return of -26.15%. Despite outperforming its sector recently, the stock's long-term performance is concerning due to significant declines and low growth rates.
As of 01-Sep, Go Fashion (India) Ltd is currently priced at 699.70, reflecting a decrease of 0.2, or 0.03%. The stock has been experiencing a decline, having fallen for the last two days with a total return of -0.19% in this period. Over the past week, the stock has outperformed its sector by 0.41%, but it has significantly underperformed in the longer term, with a year-to-date return of -26.15% and a one-year return of -41.25%. Despite a low Debt to EBITDA ratio of 1.00 times and a strong ability to service debt, the stock's poor long-term growth, as indicated by an operating profit growth rate of only 8.96% over the last five years, raises concerns. Additionally, the stock's flat performance in recent quarters and a low Debtors Turnover Ratio contribute to its negative outlook.In the broader market context, the stock's short-term performance contrasts with the benchmark, as it has gained 0.66% over the past week while the Sensex has declined by 1.56%. However, the stock's long-term performance remains troubling, with a significant underperformance compared to the BSE500 over the last three years and one year. The high institutional holdings at 44.24% suggest that knowledgeable investors are closely monitoring the company's fundamentals, yet the overall sentiment remains cautious due to the stock's substantial declines in value and lack of growth momentum.
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