Why is Himatsing. Seide falling/rising?
As of 10-Nov, Himatsingka Seide Ltd's stock price is declining at 117.70, down 1.51%, and has underperformed its sector. Despite a recent profit increase, weak long-term fundamentals and lack of investor confidence contribute to its poor performance, with a year-to-date return of -37.43%.
As of 10-Nov, Himatsingka Seide Ltd is experiencing a decline in its stock price, currently at 117.70, which reflects a decrease of 1.8 or 1.51%. The stock has underperformed its sector by 1.18% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has seen a return of -5.92%, contrasting sharply with the Sensex's decline of only 0.53%. Despite a rise in investor participation, with delivery volume increasing by 2.64% against the 5-day average, the stock's overall performance remains weak, with a year-to-date return of -37.43% compared to the Sensex's gain of 6.91%. The broader market context indicates that Himatsingka Seide's long-term fundamentals are weak, evidenced by a low average Return on Capital Employed (ROCE) of 6.63% and a high Debt to EBITDA ratio of 6.64 times, which raises concerns about the company's ability to service its debt. Although the stock is trading at a discount compared to its peers and has seen a significant profit increase of 54.4% over the past year, the negative sentiment is compounded by poor long-term growth and underperformance relative to the BSE500 index. Additionally, the lack of domestic mutual fund investment may signal a lack of confidence in the stock's valuation, further contributing to its downward trajectory.
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