Why is HB Estate Devel. falling/rising?
As of 15-Jul, HB Estate Developers Ltd's stock price is declining at Rs 87.44, down 1.29%, and underperforming its sector. Despite strong long-term returns, concerns over high debt and low ROCE are impacting investor sentiment and contributing to recent bearish trends.
As of 15-Jul, HB Estate Developers Ltd is experiencing a decline in its stock price, currently at Rs 87.44, reflecting a decrease of Rs 1.14 or 1.29%. The stock has underperformed its sector by 2.97% today, reaching an intraday low of Rs 85.12, which represents a drop of 3.91%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past week, the stock has decreased by 2.31%, while it has seen a more significant decline of 6.98% over the past month. Despite positive long-term performance, including a 14.30% return over the last year and a remarkable 434.80% increase over the past three years, recent trading activity shows a drop in investor participation, with delivery volume falling by 55.96% compared to the 5-day average.In the broader market context, the Sensex has declined by 1.36% over the past week, which suggests that the stock's short-term performance is slightly worse than the overall market. While the company has shown strong fundamentals, such as consistent profit growth and rising promoter confidence, concerns regarding its long-term growth potential and high debt levels may be weighing on investor sentiment. The average return on capital employed (ROCE) is relatively low at 4.09%, and the company's ability to service debt is questioned due to a high Debt to EBITDA ratio of 16.48 times. These factors contribute to the stock's current downward movement despite its historical performance and positive financial indicators.
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