Why is Goa Carbon falling/rising?
As of 30-Jun, Goa Carbon Ltd's stock price is flat at 497.20, with a recent weekly performance of +6.09%, outperforming the Sensex. However, the company faces significant long-term challenges, including negative EBITDA and a year-to-date decline of -27.47% in stock value, raising concerns about its investment viability.
As of 30-Jun, Goa Carbon Ltd's stock price is currently flat at 497.20, with no change (0.00%). The stock has shown a performance of +6.09% over the past week, which is significantly higher than the Sensex's +2.09% for the same period. Additionally, the stock's delivery volume has seen a substantial increase of 236.77% against the 5-day average, indicating rising investor participation. However, the company has faced challenges, including a negative EBITDA and poor long-term growth, with operating profit declining at an annual rate of -6.15% over the last five years. The company has also reported negative results for the last five consecutive quarters, which has contributed to a year-to-date decline of -27.47% in stock value.In the broader market context, while Goa Carbon's short-term return of +6.09% over the past week outperforms the Sensex, the stock has significantly underperformed in the long term, with a -38.42% return over the past year compared to the Sensex's +5.79%. This disparity highlights the stock's struggles despite some recent positive momentum. The company's ability to service debt remains strong, with a low Debt to EBITDA ratio of 0.80 times, but the overall negative financial performance and declining profits have raised concerns among investors, making the stock a risky investment in the current market environment.
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