Why is Krishna Vent. falling/rising?
As of 01-Jul, Krishna Ventures Ltd is seeing a short-term price increase to 18.64, but it has a significant year-to-date decline of 69.61% and a 78.03% drop over the past year, indicating ongoing financial struggles and reduced promoter confidence. Despite outperforming the market recently, long-term performance remains concerning.
As of 01-Jul, Krishna Ventures Ltd is experiencing a price increase, currently at 18.64, with a change of 0.36, representing a rise of 1.97%. The stock has shown strong performance recently, gaining 29.99% over the last seven days and outperforming its sector by 2.54% today. However, despite this short-term gain, the stock has had a poor long-term performance, with a year-to-date decline of 69.61% and a staggering drop of 78.03% over the past year. The company is facing significant challenges, including operating losses and a weak ability to service its debt, which has contributed to a negative EBITDA and a reduction in promoter confidence, as they have decreased their stake by 1.3% in the last quarter.In the broader market context, the stock's short-term return of 21.12% over the past week significantly outpaces the Sensex, which has only risen by 2.00% in the same period. However, the long-term performance remains concerning, with the stock underperforming the benchmark indices over the last one year and three years. The overall market sentiment may be influenced by the company's ongoing financial struggles and the decreasing confidence from its promoters, which could overshadow the recent positive price movement.
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