Why is Goenka Diamond falling/rising?
As of 30-Jul, Goenka Diamond & Jewels Ltd is facing a decline in stock price, currently at 0.85, with a year-to-date drop of 25.44% and significant operating losses. The stock is underperforming its sector and the broader market, reflecting weak financial fundamentals and a negative outlook.
As of 30-Jul, Goenka Diamond & Jewels Ltd is experiencing a decline in its stock price, currently at 0.85, which reflects a decrease of 0.01 or 1.16%. The stock has underperformed its sector today by 1.17%, and it is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Over the past week, the stock has dropped by 5.56%, and its year-to-date performance shows a significant decline of 25.44%. The company is facing operating losses and has a weak long-term fundamental strength, evidenced by a negative annual growth rate in net sales of 36.13% over the last five years and a high debt to EBITDA ratio of 1.00 times. Despite a rise in delivery volume by 94.5% against the 5-day average, the overall outlook remains negative due to the company's financial struggles.In the broader market context, the Sensex has declined by 1.50% over the past week, indicating that while Goenka Diamond is also falling, it has underperformed relative to the benchmark. The stock's performance over the past year shows a return of -26.09%, contrasting sharply with the Sensex's minimal gain of 0.03%. This underperformance highlights the challenges faced by Goenka Diamond in a market that has not been particularly strong, further exacerbated by its weak financial fundamentals and the risks associated with its negative EBITDA.
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