Why is Lee & Nee Soft. falling/rising?
As of 23-Sep, Lee & Nee Software (Exports) Ltd's stock price is declining at 9.43, down 1.26%, and has underperformed its sector. The stock is trading below all key moving averages, has seen a significant drop in investor participation, and exhibits weak long-term fundamentals, contributing to its bearish trend.
As of 23-Sep, Lee & Nee Software (Exports) Ltd is experiencing a decline in its stock price, currently at 9.43, reflecting a decrease of 0.12 or 1.26%. The stock has underperformed its sector by 0.67% today and has been on a consecutive downward trend for the last three days, resulting in a total decline of 4.55% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The company has also seen a significant drop in investor participation, with delivery volume falling by 67.98% compared to the 5-day average. The stock's long-term fundamentals are weak, characterized by operating losses and a poor EBIT to interest ratio of -0.92, which further contributes to its recent price movement.In the broader market context, the stock's performance over the past week shows a slight decline of 0.32%, which is marginally better than the Sensex's decline of 0.34%. However, over the past month, Lee & Nee has underperformed significantly, with a drop of 2.48% compared to the Sensex's increase of 0.98%. The stock has consistently underperformed against the benchmark over the last three years, with a year-to-date decline of 32.69% while the Sensex has gained 5.07%. This consistent underperformance, coupled with negative EBITDA and weak long-term growth prospects, paints a concerning picture for investors, leading to the stock's current downward trajectory.
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