Why is Jay Shree Tea falling/rising?
As of 28-Aug, Jay Shree Tea & Industries Ltd is priced at 99.15, showing a recent decline and trading below key moving averages, indicating a bearish trend. Despite a significant profit increase, the company faces challenges such as operating losses and a high Debt to EBITDA ratio, contributing to weak long-term fundamentals and waning investor confidence.
As of 28-Aug, Jay Shree Tea & Industries Ltd is currently priced at 99.15, reflecting a decrease of 0.45, or 0.45%. The stock has been underperforming recently, with a consecutive fall over the last two days resulting in a total decline of 1.73%. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the stock has generated a return of -26.26% over the past year, despite a significant profit increase of 207.3%. However, the company faces challenges such as operating losses and a high Debt to EBITDA ratio, which contribute to its weak long-term fundamental strength.In the broader market context, Jay Shree Tea has outperformed its sector by 1.11% today, but its 1-week return of -2.03% is better than the benchmark Sensex's decline of -2.34%. Over the past month, the stock has underperformed significantly with a -7.85% return compared to the Sensex's -1.00%. This consistent underperformance against the benchmark over the last three years, coupled with a low ability to service debt and flat results in recent financial reports, suggests that investor confidence is waning, leading to the stock's current downward trajectory.
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