Why is Kesar Petroprod. falling/rising?
As of 20-Aug, Kesar Petroproducts Ltd's stock price has declined to Rs 30.17, down 8.02%, underperforming its sector. Despite a strong annual return of 41.44%, recent performance has been negative, raising concerns about high debt levels and low return on equity.
As of 20-Aug, Kesar Petroproducts Ltd is experiencing a decline in its stock price, currently at Rs 30.17, reflecting a decrease of Rs 2.63 or 8.02%. Today's price summary indicates that the stock has underperformed its sector by 7.54%, with an intraday low of Rs 28, marking a significant drop of 14.63%. The stock has shown high volatility today, with an intraday volatility of 8.2%, and a notable decrease in investor participation, as delivery volume fell by 30.85% compared to the 5-day average. While the stock has generated a substantial return of 41.44% over the past year, its recent performance has been less favorable, with a 5.92% decline over the past week and a slight 0.46% decrease over the last month.In the broader market context, the benchmark Sensex has shown a positive return of 1.64% over the past week and 0.12% over the past month, contrasting with Kesar Petroproducts' negative short-term performance. Despite the company's strong long-term growth indicators, such as a 44.07% annual increase in operating profit and a 197.47% rise in net profit, the high Debt to EBITDA ratio of 5.34 times raises concerns about its ability to service debt. Additionally, the company's low return on equity of 0.98% and the expensive valuation reflected in its ROCE of 0.5 may contribute to investor apprehension, leading to the current downward movement in stock price.
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