Why is Landmark Cars falling/rising?
As of 21-Jul, Landmark Cars Ltd's stock price is Rs 525.10, down 2.12%, with a year-to-date return of -17.09%, significantly underperforming the Sensex. The company faces challenges including a 67.2% profit decline and weak fundamentals, contributing to declining investor confidence.
As of 21-Jul, Landmark Cars Ltd is experiencing a decline in its stock price, currently at Rs 525.10, reflecting a decrease of Rs 11.4 or 2.12%. The stock has underperformed its sector by 1.8% today and has been on a consecutive downward trend for the last two days, with a total decline of 2.69% during this period. Over the past year, the stock has generated a return of -17.09%, significantly underperforming the benchmark Sensex, which has returned 1.98%. The company's recent performance is further compounded by a notable drop in delivery volume, which has decreased by 33.19% against the five-day average, indicating falling investor participation. Additionally, while the stock is trading at a discount compared to its peers, it has seen a substantial profit decline of 67.2% over the past year, contributing to its negative momentum.In the broader market context, the stock's short-term performance has been notably poor, with a 1-week return of -3.48% compared to a minimal decline of 0.06% in the Sensex. This stark contrast highlights the stock's struggles relative to the market. Furthermore, the company's weak long-term fundamentals, including a high Debt to EBITDA ratio of 3.24 times and a low Return on Equity of 7.11%, signal challenges in profitability and debt servicing. The recent negative quarterly results, particularly a 77.8% drop in PAT, further exacerbate investor concerns, leading to a lack of confidence in the stock's recovery potential.
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