Why is Manaksia Alumi. falling/rising?
As of 14-Aug, Manaksia Aluminium Company Ltd's stock price is at 30.35, down 1.56%, and has underperformed its sector today. Despite a positive long-term growth outlook, concerns over high debt levels and recent declines may be affecting investor sentiment.
As of 14-Aug, Manaksia Aluminium Company Ltd's stock price is currently at 30.35, reflecting a decrease of 0.48, or 1.56%. The stock has underperformed its sector by 0.78% today and has experienced a trend reversal, falling after two consecutive days of gains. Over the past week, the stock has declined by 3.28%, while it has shown a positive return of 10.97% over the past month. Despite this recent decline, the company has demonstrated healthy long-term growth, with an operating profit growth rate of 44.15% and a significant increase in net sales and profit after tax in the latest six months. However, the company faces challenges with a high Debt to EBITDA ratio of 5.25 times, indicating a low ability to service debt, which may contribute to investor caution.In the broader market context, the Sensex has remained relatively flat with a change of -0.03% over the past week, contrasting with Manaksia's sharper decline. While the stock has generated an 8.20% return over the past year, its year-to-date performance is down by 4.20%, which is notably worse than the Sensex's gain of 3.15% in the same period. This underperformance relative to the benchmark, combined with concerns over debt servicing and profitability, may be influencing the stock's current downward movement.
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