Why is Guj. Petrosynth. falling/rising?
As of 04-Jul, Gujarat Petrosynthese Ltd's stock price is Rs 60.51, down 5.44%, with significant underperformance against its sector and declining investor participation. The company faces operational losses and weak financial metrics, indicating a challenging environment and reinforcing its status as a strong sell.
As of 04-Jul, Gujarat Petrosynthese Ltd is experiencing a decline in its stock price, currently at Rs 60.51, which represents a decrease of 3.48 or 5.44%. Today's price summary indicates that the stock opened lower, with a gap down of 2.56%, and reached an intraday low of Rs 60.31, reflecting a drop of 5.75%. The stock has underperformed its sector by 5.8%, and it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 15.27% compared to the 5-day average. The company is facing operational losses and has a weak long-term fundamental strength, highlighted by a poor EBIT to Interest ratio of -0.74 and a low Return on Equity of 1.83%. These factors contribute to the stock's recent downward movement.In the broader market context, the stock's performance over the past week shows a decline of 3.95%, while the benchmark Sensex has only decreased by 0.74%. Over the past month, Gujarat Petrosynthese Ltd has fallen by 6.76%, contrasting sharply with the Sensex's increase of 3.01%. This underperformance is indicative of the company's struggles, particularly given its negative EBITDA and the fact that profits have decreased by 12.1% over the past year, despite a modest annual return of 3.45%. The combination of weak financial metrics and declining investor interest suggests a challenging environment for the stock, reinforcing its status as a strong sell.
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