Why is Hind Aluminium falling/rising?
As of 17-Sep, Hind Aluminium Industries Ltd's stock price is declining at 65.75, down 2.95%, with significant trading volume decreases and ongoing operating losses. The company's poor financial fundamentals and negative year-to-date performance of -10.79% compared to the Sensex's gain of 5.83% make it less appealing to investors.
As of 17-Sep, Hind Aluminium Industries Ltd is experiencing a decline in its stock price, currently at 65.75, reflecting a decrease of 2.0, or 2.95%. Today's performance indicates that the stock has underperformed its sector by 2.05%, opening with a loss of 3.39% and reaching an intraday low of Rs 65.45. The stock has fallen after two consecutive days of gains, and trading volume has decreased significantly, with delivery volume dropping by 29.24% compared to the five-day average. Additionally, the company is facing operating losses and has a weak long-term fundamental strength, evidenced by a poor EBIT to Interest ratio of -8.23 and negative return on capital employed (ROCE). These factors contribute to the stock's recent downward movement.In the broader market context, the stock's one-week return is -1.88%, contrasting sharply with the Sensex, which has gained 1.56% during the same period. While the stock has shown a positive return of 5.35% over the past month, its year-to-date performance is notably poor at -10.79%, compared to the Sensex's gain of 5.83%. The company's financial struggles, including a significant reliance on non-operating income and a reported profit decline of 29.5%, further exacerbate its risk profile, making it less attractive to investors in the current market environment.
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