Why is Hind Aluminium falling/rising?
As of 11-Sep, Hind Aluminium Industries Ltd's stock price is at 66.99, reflecting a slight decline and significant long-term underperformance with a year-to-date return of -9.10%. Despite a recent increase in delivery volumes and better short-term performance compared to the market, the company faces serious challenges, including operating losses and a poor ability to service its debt.
As of 11-Sep, Hind Aluminium Industries Ltd is experiencing a slight decline in its stock price, currently at 66.99, with a change of -0.02 (-0.03%). The stock has underperformed its sector by 0.45% today, despite higher delivery volumes, which increased by 45.78% against the 5-day average. Over the past week, the stock has shown a positive return of 4.59%, but it has underperformed significantly over the longer term, with a year-to-date return of -9.10% and a one-year return of -13.51%. The company is facing challenges, including operating losses and a weak ability to service its debt, reflected in a poor EBIT to Interest ratio of -8.23. Additionally, the stock's negative EBITDA and reliance on non-operating income for profit further contribute to its weak long-term fundamental strength.In the broader market context, while the Sensex has shown a modest gain of 1.03% over the past week, Hind Aluminium's short-term performance has been notably better, indicating some investor interest. However, the stock's long-term performance remains concerning, as it has significantly underperformed the market over the past year, with a decline of 13.51% compared to the BSE500's negative return of 2.29%. This disparity highlights the stock's ongoing struggles and the market's cautious sentiment towards its future prospects.
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