Why is Indian CardCloth falling/rising?

Jul 10 2025 08:48 PM IST
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As of 10-Jul, Indian Card Clothing Company Ltd's stock price is at 315.55, down 1.39%. Despite a 12.78% gain over the past year, recent declines in stock performance and weak fundamentals raise investor concerns.
As of 10-Jul, Indian Card Clothing Company Ltd's stock price is currently at 315.55, reflecting a decrease of 4.45, or 1.39%. The stock has underperformed its sector today by 1.19%, and its delivery volume has fallen by 20.27% compared to the 5-day average, indicating a decline in investor participation. Over the past week, the stock has decreased by 1.39%, and it has shown a significant decline of 8.46% over the past month. Although the stock has generated a positive return of 12.78% over the last year, it is facing challenges such as operating losses and a weak ability to service its debt, which has contributed to its negative ROCE.

In the broader market context, the Sensex has only slightly declined by 0.06% over the past week, contrasting with the stock's more significant drop. While the stock has outperformed the market over the last year, its recent performance suggests a divergence from the overall market trend. The company's weak long-term fundamental strength, highlighted by a poor EBIT to Interest ratio and negative EBITDA, raises concerns among investors, contributing to the stock's downward movement.
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