Why is Harri. Malayalam falling/rising?
As of 26-Sep, Harrisons Malayalam Ltd's stock price is at 205.65, down 0.65%. The stock has underperformed recently, with significant declines in both short-term returns and investor confidence, despite positive earnings in the last three quarters.
As of 26-Sep, Harrisons Malayalam Ltd's stock price is currently at 205.65, reflecting a decrease of 1.35 (-0.65%). The stock has underperformed in the short term, with a 1-week return of -0.75% and a 1-month return of -2.93%. Today's trading saw the stock touch an intraday low of Rs 198.15, indicating a significant drop of 4.28%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. Despite positive financial results over the last three quarters, including a remarkable growth in profits, the stock's performance has been hindered by weak long-term fundamentals and a high Debt to EBITDA ratio, which raises concerns about its ability to service debt.In the broader market context, the stock has underperformed the benchmark Sensex, which has seen a decline of 2.66% over the past week, while Harrisons Malayalam's performance has been slightly better. However, the stock's year-to-date return of -36.50% starkly contrasts with the Sensex's positive return of 2.93%, indicating a significant divergence in performance. The falling investor participation, as evidenced by a decrease in delivery volume, further compounds the stock's challenges, suggesting a lack of confidence among investors despite the company's recent positive earnings reports.
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