Why is Lexoraa Ind falling/rising?
As of 20-Jun, Lexoraa Industries Ltd's stock price is declining at 14.06, down 5.0%, with significant underperformance reflected in a 12.83% loss over three days and a negative EBITDA. The company's weak financial health, high debt-to-equity ratio, and declining investor confidence contribute to its poor market performance.
As of 20-Jun, Lexoraa Industries Ltd is experiencing a decline in its stock price, currently at 14.06, which reflects a decrease of 0.74 or 5.0%. The stock has been underperforming significantly, having lost 12.83% over the last three days and showing a one-week return of -8.70%. Additionally, the stock has a negative book value and a weak long-term fundamental strength, with net sales growth stagnating and a high debt-to-equity ratio. The company's recent performance has been poor, with a negative EBITDA and a substantial decline of 44.01% over the past year, indicating that it has not only underperformed the market but also generated negative returns while the broader market has seen positive growth.In the broader market context, Lexoraa Industries Ltd's short-term performance has been notably worse than the benchmark, with the Sensex gaining 1.59% over the past week while Lexoraa's stock has dropped. The stock's liquidity appears adequate for trading, but the falling investor participation, as evidenced by a 25.19% decrease in delivery volume, suggests a lack of confidence among investors. Overall, the combination of poor financial health, negative returns, and underperformance relative to the market contributes to the stock's declining price.
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