Why is Hathway Cable falling/rising?

Jul 11 2025 08:41 PM IST
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As of 11-Jul, Hathway Cable & Datacom Ltd's stock price is at 15.36, down 1.54% and has declined 3.94% over the last four days. Despite positive quarterly results, the stock faces long-term weaknesses and underperformance compared to the market, with a yearly return of -33.74%.
As of 11-Jul, Hathway Cable & Datacom Ltd's stock price is currently at 15.36, reflecting a decrease of 0.24, or 1.54%. The stock has been on a downward trend, having fallen consecutively for the last four days, resulting in a total decline of 3.94% during this period. Despite outperforming its sector by 0.46% today, the stock's performance over the past week and month shows significant underperformance, with declines of 3.76% and 4.18%, respectively. The company has reported positive quarterly results, including a 45.22% growth in profit before tax and record net sales, but these positives are overshadowed by long-term fundamental weaknesses, such as a -40.53% CAGR growth in operating profits over the last five years and a low return on equity of 2.1%. Additionally, there has been a decrease in institutional investor participation, which may further contribute to the stock's downward pressure.

Broader market context indicates that while the Sensex has experienced a slight decline of 1.12% over the past week, Hathway's performance has been significantly worse, highlighting its struggles relative to the broader market. Over the past year, the stock has generated a return of -33.74%, starkly contrasting with the market's positive return of 0.52%. This underperformance, combined with weak fundamentals and declining investor interest, suggests that the stock is facing considerable challenges, leading to its current price decline.
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