Why is Health.Global falling/rising?
As of 17-Sep, Healthcare Global Enterprises Ltd is experiencing a stock price decline to 671.65, down 0.31%, with a recent trend of decreased investor participation and negative profit growth. Despite strong long-term performance, concerns about its fundamentals and high debt levels contribute to a cautious outlook.
As of 17-Sep, Healthcare Global Enterprises Ltd is experiencing a decline in its stock price, currently at 671.65, which reflects a decrease of 2.1 or 0.31%. The stock has underperformed its sector by 0.51% today and has been on a downward trend for the last two days, accumulating a total decline of 1.16%. Despite a strong long-term performance with a year-to-date increase of 37.58% and a one-year return of 61.71%, the stock's recent movement is influenced by a significant drop in investor participation, with delivery volume falling by 88.89% against the five-day average. Additionally, while the stock is trading at a discount compared to its peers, it has faced negative profit growth of 24.9% over the past year, which raises concerns about its fundamental strength.In the broader market context, the stock's short-term performance has lagged behind the benchmark, with a one-week return of -3.64% compared to the Sensex's gain of 1.56%. This underperformance is compounded by the company's weak long-term fundamentals, highlighted by a high Debt to EBITDA ratio of 3.91 times and a low average Return on Capital Employed (ROCE) of 5.92%. Furthermore, the increasing proportion of pledged promoter shares, which has risen by 83.01% over the last quarter, adds additional downward pressure in a falling market. Overall, these factors contribute to a cautious outlook for Healthcare Global Enterprises Ltd, leading to its current price decline.
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