Why is Manaksia Alumi. falling/rising?
As of 18-Sep, Manaksia Aluminium Company Ltd's stock price is at 30.10, down 3.0%. Despite a strong long-term growth outlook, the stock has underperformed its sector and generated a negative return of -5.20% over the past year, with concerns about high debt impacting investor sentiment.
As of 18-Sep, Manaksia Aluminium Company Ltd's stock price is currently at 30.10, reflecting a decrease of 0.93, or 3.0%. Today's price summary indicates that the stock has underperformed its sector by 2.03% and has experienced a trend reversal after four consecutive days of gains. Additionally, the stock's delivery volume has significantly decreased by 45.03% compared to the five-day average, suggesting falling investor participation. Despite a strong long-term growth outlook, with operating profit increasing at an annual rate of 44.15% and positive recent financial results, the stock has generated a negative return of -5.20% over the past year, which may be contributing to the current decline.In the broader market context, the stock's short-term performance over the past week shows a gain of 3.08%, which is better than the Sensex's increase of 1.80%. However, the year-to-date performance indicates a decline of 4.99% for Manaksia Aluminium compared to a 6.24% rise in the Sensex, highlighting a relative underperformance. The company's high Debt to EBITDA ratio of 5.25 times raises concerns about its ability to service debt, which could further impact investor sentiment and contribute to the stock's downward movement.
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