Why is Landmark Prop. falling/rising?
As of 30-Jun, Landmark Property Development Company Ltd's stock price is 8.91, reflecting a slight increase but facing significant challenges such as operating losses and a poor ability to service debt. Despite recent short-term gains, the company's year-to-date return of -12.99% and declining investor participation suggest a cautious outlook.
As of 30-Jun, Landmark Property Development Company Ltd is experiencing a slight increase in its stock price, currently at 8.91, with a change of 0.03 or 0.34% upward. The stock has outperformed its sector by 0.58% today, although it is trading below its 200-day moving average while remaining higher than its 5-day, 20-day, 50-day, and 100-day moving averages. Over the past week, the stock has shown a strong return of +8.00%, compared to the Sensex's +2.09%. However, the company is facing significant challenges, including operating losses and a weak ability to service its debt, as indicated by a poor EBIT to Interest ratio of -3.70. The company has also reported negative ROCE and a low operating cash flow, which contributes to its classification as a risky investment.In the broader market context, while Landmark's short-term performance has been strong relative to the benchmark, its year-to-date return of -12.99% starkly contrasts with the Sensex's gain of +7.00%. This disparity highlights the stock's struggles despite recent gains. The falling investor participation, evidenced by a 24.66% drop in delivery volume against the 5-day average, suggests a lack of confidence among investors. Overall, while there are short-term positive movements, the underlying financial weaknesses and market conditions indicate a cautious outlook for the stock.
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