Why is Kritika Wires falling/rising?
As of 12-Sep, Kritika Wires Ltd's stock price is 9.10, down 1.19%, with a significant decline of 4.81% over the past week and 58.43% over the last year. The company faces weak fundamentals, including negative profit growth and high debt ratios, while underperforming compared to the broader market.
As of 12-Sep, Kritika Wires Ltd is experiencing a decline in its stock price, currently at 9.10, reflecting a decrease of 0.11 or 1.19%. The stock has underperformed its sector today by 1.16%, and its delivery volume has fallen by 22.02% compared to the 5-day average, indicating a drop in investor participation. Over the past week, the stock has seen a significant decline of 4.81%, while its performance over the last year shows a staggering drop of 58.43%. Despite trading at a discount compared to its peers, the company has reported a negative growth in profits of 16.2%, contributing to its weak long-term fundamentals, including a low Return on Capital Employed and a high Debt to EBITDA ratio.In the broader market context, the stock's recent performance contrasts sharply with the Sensex, which has gained 1.51% over the past week and 6.21% year-to-date. This underperformance highlights the challenges faced by Kritika Wires, particularly as it has consistently lagged behind the benchmark indices over various time frames, including the last three years and one year. The company's flat results in recent quarters, along with a negative CAGR growth in operating profits, further emphasize its struggles in a market that is otherwise showing positive trends.
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