Why is M K Proteins falling/rising?
As of 24-Sep, M K Proteins Ltd's stock price is at 7.10, down 6.58%, and has underperformed its sector significantly. Despite a strong ability to service debt, the stock has seen a year-to-date decline of 12.99% and a one-year return of -22.49%, indicating ongoing challenges.
As of 24-Sep, M K Proteins Ltd is experiencing a decline in its stock price, currently at 7.10, which reflects a decrease of 0.5 or 6.58%. The stock has underperformed its sector by 10.72% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 7.55% during this period. Over the past week, the stock has decreased by 4.95%, while it has shown a modest increase of 6.45% over the past month. Despite the company's strong ability to service its debt, as indicated by a healthy EBIT to Interest ratio of 12.63, the stock has faced challenges with a significant year-to-date decline of 12.99% and a one-year return of -22.49%, alongside a 25% fall in profits.In the broader market context, the Sensex has only declined by 1.18% over the past week, indicating that M K Proteins' performance is significantly lagging behind the benchmark. The stock's liquidity appears adequate for trading, but a notable drop in delivery volume by 17.76% against the five-day average suggests decreasing investor interest. Additionally, while the solvent extraction sector has gained by 4.17%, M K Proteins' recent performance contrasts sharply with this positive sector movement, further contributing to its downward price trajectory.
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