Why is Landmark Cars falling/rising?
As of 03-Jul, Landmark Cars Ltd's stock price is Rs 524.10, down 0.81%, and has underperformed its sector and the broader market significantly. The company faces concerning fundamentals, including high debt and declining profits, contributing to negative investor sentiment.
As of 03-Jul, Landmark Cars Ltd is experiencing a decline in its stock price, currently at Rs 524.10, which reflects a decrease of Rs 4.3 or 0.81%. The stock has underperformed its sector by 1.86% today and has fallen after two consecutive days of gains. It reached an intraday low of Rs 516.3, representing a drop of 2.29%. Over the past week, the stock has decreased by 4.04%, while its performance over the last month shows a positive return of 15.70%. However, the stock has significantly underperformed over the year, with a return of -26.12%. The company's fundamentals are concerning, as it has a high Debt to EBITDA ratio of 3.24 times and a low Return on Equity of 7.11%. Additionally, the stock is trading at a discount compared to its peers, but its profits have fallen by 67.2% over the past year, contributing to the negative sentiment surrounding the stock.In the broader market context, the Sensex has shown a decline of only 0.62% over the past week, indicating that Landmark Cars Ltd's performance is notably weaker than the market. The stock's year-to-date performance is also troubling, with a decline of 16.41% compared to a 6.53% increase in the benchmark index. This stark contrast highlights the company's struggles relative to the overall market. Furthermore, the stock's liquidity appears adequate, but the falling investor participation, as evidenced by a 4.66% drop in delivery volume, suggests waning interest among investors. Overall, the combination of weak long-term fundamentals, significant profit declines, and underperformance against the market has led to the current downward trend in Landmark Cars Ltd's stock price.
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