Why is Huhtamaki India falling/rising?
As of 10-Sep, Huhtamaki India Ltd's stock price is Rs 228.50, down 2.77%, with a year-to-date decline of 15.60% and a significant drop of 42.44% over the past year. The company's mixed financial health, poor long-term growth, and decreasing institutional investor participation contribute to a negative outlook for the stock.
As of 10-Sep, Huhtamaki India Ltd's stock price is currently at Rs 228.50, reflecting a decline of Rs 6.5 or 2.77%. The stock has underperformed its sector by 5.71% today, with an intraday low of Rs 228.25. Over the past week, the stock has decreased by 1.55%, while it has shown a modest gain of 10.17% over the past month. However, the stock's year-to-date performance is concerning, with a decline of 15.60%, and a significant drop of 42.44% over the past year. The company's financial health is mixed; while it has a low Debt to EBITDA ratio indicating a strong ability to service debt, it has also experienced poor long-term growth with net sales declining at an annual rate of 0.36% and operating profit falling by 14.37% over the last five years. Additionally, there has been a decrease in institutional investor participation, which may contribute to the stock's downward pressure.In the broader market context, the stock's performance contrasts sharply with the benchmark Sensex, which has gained 1.06% over the past week and 1.96% over the past month. The stock's significant underperformance relative to the market, particularly with a 42.44% decline compared to the BSE500's negative return of 2.89% over the last year, highlights investor concerns regarding its long-term viability. The falling participation from institutional investors, who typically have more resources to analyze company fundamentals, further exacerbates the stock's challenges. Overall, these factors contribute to a negative outlook for Huhtamaki India Ltd, leading to its current price decline.
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