Why is JBM Auto falling/rising?
As of 14-Jul, JBM Auto Ltd's stock price is 641.95, reflecting a slight decrease and significant underperformance with a -39.73% return over the past year. The stock's bearish trend is indicated by its trading below key moving averages and a high Debt to EBITDA ratio, alongside declining investor interest.
As of 14-Jul, JBM Auto Ltd's stock price is currently at 641.95, reflecting a slight decrease of -0.05 (-0.01%). The stock has been underperforming, having lost -1.05% over the last two days and showing a negative return of -8.40% over the past month, while the benchmark Sensex has gained 1.40% in the same period. Additionally, the stock is trading lower than its 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The company's delivery volume has also decreased significantly, falling by -53.99% compared to the 5-day average, which suggests declining investor interest. Despite a healthy long-term growth in net sales and operating profit, the stock's high Debt to EBITDA ratio of 3.86 times raises concerns about its ability to service debt, contributing to its recent price decline.In the broader market context, JBM Auto's performance has been notably weaker than the benchmark, as it has generated a return of -39.73% over the past year, while the BSE500 index has seen a modest gain of 0.26%. This underperformance is compounded by the fact that domestic mutual funds hold only a minimal stake of 0.22% in the company, which may indicate a lack of confidence in its current valuation or business prospects. Overall, the combination of declining investor participation, high debt levels, and significant underperformance relative to the market has contributed to the stock's recent downward movement.
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