Why is Harshil Agrotech falling/rising?
As of 24-Sep, Harshil Agrotech Ltd's stock price is Rs. 0.86, down 4.44% and at a new 52-week low. The stock has declined 16.5% over the last four days and 98.61% over the past year, significantly underperforming its sector and the broader market.
As of 24-Sep, Harshil Agrotech Ltd's stock price is currently at Rs. 0.86, reflecting a decline of Rs. 0.04 or 4.44%. The stock has hit a new 52-week low today and has been on a downward trend, having fallen consecutively for the last four days, resulting in a total decline of 16.5% during this period. Additionally, the stock has underperformed its sector by 4.25% today. Over the past week, the stock has decreased by 13.13%, and it has experienced a staggering decline of 98.61% over the past year, indicating significant long-term underperformance compared to the benchmark indices.In the broader market context, while the Sensex has shown a slight increase of 0.50% over the past month, Harshil Agrotech's performance has been notably poor, with a 31.75% decline in the same timeframe. Despite some positive factors such as high management efficiency, strong debt servicing ability, and impressive growth in net sales, these have not translated into positive stock performance, as evidenced by its substantial losses over the past year and its underperformance against the BSE500. The stock's liquidity appears sufficient for trading, but the overall sentiment remains negative due to its historical performance and recent price movements.
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