Why is Huhtamaki India falling/rising?
As of 23-Sep, Huhtamaki India Ltd's stock price is Rs 237.30, down 1.35%, despite a positive performance over the past week and month. The company has a strong debt servicing capability, which may bolster investor confidence amid recent volatility.
As of 23-Sep, Huhtamaki India Ltd's stock price is currently at Rs 237.30, reflecting a decrease of Rs 3.25 or 1.35%. Today, the stock opened with a gain of 3.01%, reaching an intraday high of Rs 247.8 before falling to a low of Rs 235.4. Despite the decline, the stock has shown positive performance over the past week and month, with returns of +3.04% and +10.37%, respectively. The company maintains a strong ability to service its debt, evidenced by a low Debt to EBITDA ratio of 1.19 times, which may support investor confidence despite the recent price drop.In the broader market context, Huhtamaki India's recent performance contrasts with the Sensex, which has seen a slight decline of 0.34% over the past week. While the stock has outperformed the benchmark in the short term, its year-to-date performance remains negative at -12.35%, compared to the Sensex's positive return of +5.07%. This suggests that while there may be short-term volatility, the stock's long-term outlook could be influenced by its solid fundamentals and rising investor participation, as indicated by increased delivery volumes.
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