Why is Kaira Can falling/rising?
As of 27-Jun, Kaira Can Company Ltd's stock price is Rs 1,650.00, down 8.33%, and has underperformed its sector. The stock shows high volatility, low investor participation, and poor long-term growth, leading to cautious investor sentiment and a significant decline in performance.
As of 27-Jun, Kaira Can Company Ltd's stock price is currently at Rs 1,650.00, reflecting a decrease of Rs 150.0, or 8.33%. The stock has underperformed its sector today by 8.06%, following a trend reversal after two consecutive days of gains. It reached an intraday low of Rs 1,625, marking a decline of 9.72%. The stock has exhibited high volatility with an intraday volatility of 5.35%, and it is trading below all key moving averages. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 86.55% compared to the five-day average. Despite a low debt-to-equity ratio and some positive quarterly results, the company has shown poor long-term growth, with an annual operating profit decline of 6.89% over the last five years, contributing to the stock's negative performance.In the broader market context, Kaira Can's short-term performance has been notably weak, with a one-week return of -9.83%, while the Sensex has gained 2.00% in the same period. The stock has also underperformed the benchmark over the last year, with a return of -14.51% compared to the Sensex's 6.08%. This underperformance, combined with an expensive valuation relative to peers and a high PEG ratio of 21.3, suggests that investors are cautious about the company's future growth prospects, contributing to the stock's decline.
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