Why is India Glycols falling/rising?
As of 18-Sep, India Glycols Ltd's stock price is 843.85, up 0.24%. Despite recent gains and strong annual performance, concerns about long-term fundamentals persist due to a low average ROCE and high Debt to EBITDA ratio.
As of 18-Sep, India Glycols Ltd's stock price is currently at 843.85, reflecting an increase of 2.0 (0.24%). The stock has shown a positive performance today, outperforming its sector by 0.74% and has been gaining for the last two days with a cumulative return of 0.61%. Over the past week, the stock has increased by 1.41%, although it has seen a decline of 5.47% over the past month. Positive factors contributing to the stock's recent movement include strong financial results reported on June 25, with the highest Return on Capital Employed (ROCE) at 11.01% and a significant increase in institutional investor participation, which has risen by 1.67% in the last quarter. However, there are concerns regarding the company's long-term fundamental strength, as indicated by a relatively low average ROCE of 8.39% and a high Debt to EBITDA ratio of 3.43 times.In the broader market context, while the stock has generated a remarkable return of 38.01% over the past year, the benchmark index, Sensex, has only seen a modest increase of 0.08% during the same period. This indicates that India Glycols has significantly outperformed the market, despite its recent struggles over the past month. The stock's performance over the last three years has also been impressive, with a return of 85.72%, compared to the benchmark's 41.08%. Overall, while the stock is currently rising, its long-term growth potential remains a point of concern for investors.
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