Why is Landmark Cars falling/rising?
As of 02-Jul, Landmark Cars Ltd is priced at 528.40, having increased by 1.12% today. Despite recent gains, the stock is down 15.73% year-to-date and has a high Debt to EBITDA ratio, indicating ongoing concerns about its long-term performance.
As of 02-Jul, Landmark Cars Ltd is currently priced at 528.40, reflecting an increase of 5.85 or 1.12%. The stock has shown a positive performance today, outperforming its sector by 0.35% and has experienced consecutive gains over the last two days, rising 1.63% during this period. Despite this recent uptick, the stock has a challenging year-to-date performance, down 15.73%, and a significant decline of 25.93% over the past year. The stock is trading at a discount compared to its peers' average historical valuations, but it has faced a substantial drop in profits, falling by 67.2%. Additionally, the company has a high Debt to EBITDA ratio of 3.24 times, indicating low ability to service debt, which contributes to its weak long-term fundamental strength.In the broader market context, the stock's short-term return of 1.49% over the past week has outperformed the Sensex, which increased by 0.79%. However, the stock has underperformed the market significantly over the last year, where the BSE500 has generated returns of 3.11% while Landmark Cars has declined by 25.93%. The high institutional holdings at 23.45% suggest that these investors are closely analyzing the company's fundamentals, which may influence market sentiment. Despite the recent rise in stock price, the overall negative trends in profitability and high debt levels indicate ongoing concerns that could affect future performance.
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