Why is Hind Aluminium falling/rising?
As of 09-Sep, Hind Aluminium Industries Ltd's stock price is declining at 64.55, down 0.84%, and has underperformed its sector. The company faces significant financial challenges, including operating losses and a weak ability to service debt, contributing to its downward trend.
As of 09-Sep, Hind Aluminium Industries Ltd is experiencing a decline in its stock price, currently at 64.55, reflecting a decrease of 0.55 or 0.84%. The stock has underperformed its sector by 0.94% today and has been on a downward trend for the last two days, resulting in a total decline of 3.93% during this period. Despite a rise in delivery volume by 361.69% against the 5-day average, the stock remains below its 50-day, 100-day, and 200-day moving averages, indicating weakness. The company is facing significant challenges, including operating losses and a poor EBIT to Interest ratio of -8.23, which suggests a weak ability to service its debt. Additionally, the stock has reported negative returns on capital employed (ROCE) and has seen a 29.5% decline in profits over the past year.In the broader market context, the stock's performance over the last week shows a modest gain of 0.88%, while the benchmark Sensex has increased by 1.18%. Over the past month, Hind Aluminium's return of 1.38% is slightly lower than the Sensex's 1.56%. The company's long-term fundamentals are weak, as indicated by its negative EBITDA and reliance on non-operating income, which constitutes 51.82% of its profit before tax. This combination of factors contributes to the stock's current downward trajectory, as investors may be cautious given the company's financial instability and recent performance trends.
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