Why is Kisaan Parivar falling/rising?
As of 18-Aug, Kisaan Parivar Industries Ltd's stock price is Rs. 19.69, down 7.95%, marking a new 52-week low and a total decline of 22.97% over the past three days. Despite a high return on equity, the company faces weak fundamentals and significant underperformance compared to the market.
As of 18-Aug, Kisaan Parivar Industries Ltd is experiencing a decline in its stock price, currently at Rs. 19.69, reflecting a decrease of 1.7 (-7.95%). The stock has hit a new 52-week low of Rs. 19.26 today and has underperformed its sector by 12.1%. Over the past three days, the stock has consecutively fallen, resulting in a total decline of 22.97%. In the last week, it has dropped by 22.36%, and year-to-date, it has plummeted by 66.51%. Despite a very attractive valuation indicated by a high return on equity (ROE) of 53.1% and a low price-to-book value, the company has shown weak long-term fundamental strength, with a poor EBIT to interest ratio of 0.91 and flat quarterly results, contributing to the stock's downward trend.In the broader market context, while the Sensex has gained 0.83% over the past week, Kisaan Parivar's performance starkly contrasts with a significant decline. The stock's year-over-year return of -44.25% is notably worse than the market's negative return of -1.14%, indicating a substantial underperformance. The volatility in the stock price, coupled with a wide trading range and a significant drop in trading volume, highlights investor concerns. Although there has been a rise in delivery volume, the overall sentiment remains negative, further exacerbated by the company's inability to service its debt effectively and the recent poor financial results.
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