Why is Kinetic Engg. falling/rising?
As of 08-Jul, Kinetic Engineering Ltd's stock price is Rs 258.95, down 1.16%, with a significant drop in delivery volume and weak long-term fundamentals despite strong past performance. The stock has underperformed its sector recently, indicating challenges that may affect investor sentiment.
As of 08-Jul, Kinetic Engineering Ltd's stock price is currently at Rs 258.95, reflecting a decrease of Rs 3.05 or 1.16%. Today's price summary indicates that the stock has underperformed its sector by 0.55%, with an intraday low of Rs 252.65, marking a decline of 3.57%. Despite a strong performance over the past year with a return of 27.25% and a remarkable 239.61% increase over the last three years, the stock is facing challenges such as a significant drop in delivery volume by 91.41% compared to the 5-day average. Additionally, while promoter confidence has risen with a 2.17% increase in their stake, the company's long-term fundamentals are weak, highlighted by a low average Return on Capital Employed (ROCE) of 0.94% and a concerning EBIT to Interest ratio of -0.03.In the broader market context, the stock's performance over the past week shows a decline of 6.72%, while the benchmark Sensex has remained relatively flat with a slight increase of 0.02%. This underperformance in the short term contrasts with the stock's strong year-to-date return of 56.47% compared to the Sensex's 7.13%. The weak long-term growth indicators and negative operating profits suggest that despite past successes, the stock is currently facing significant headwinds that may be influencing investor sentiment and contributing to its recent price decline.
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