Why is Marathon Nextgen falling/rising?
As of 21-Jul, Marathon Nextgen Realty Ltd's stock price is Rs 751.00, down 1.02%, with a recent decline in delivery volume indicating reduced investor participation. Despite a strong annual return of 29.14%, concerns over weak long-term fundamentals and negative financial results complicate its outlook.
As of 21-Jul, Marathon Nextgen Realty Ltd is experiencing a decline in its stock price, currently at Rs 751.00, reflecting a decrease of Rs 7.75 or 1.02%. The stock has underperformed its sector today by 1.47% and has been on a consecutive decline for the last two days, accumulating a total drop of 1.28%. Despite this recent downturn, the stock has shown strong performance over the past year, with a return of 29.14%, and has consistently outperformed the BSE500 index over the last three years. However, the stock is currently trading close to its 52-week high, just 3.14% away, and is above its moving averages across various time frames. The recent drop in delivery volume by 76.33% against the 5-day average indicates a fall in investor participation, which may contribute to the stock's price decline.In the broader market context, while Marathon Nextgen has shown a positive return of 1.51% over the past week, the Sensex has remained relatively flat with a change of -0.06%. This suggests that the stock's recent performance is somewhat isolated from the broader market trends. The company's high institutional holdings at 26.56% and their increased stake by 21.86% over the previous quarter indicate confidence among larger investors, yet the stock's weak long-term fundamentals, highlighted by a low Return on Capital Employed (ROCE) and a high Debt to EBITDA ratio, raise concerns. Additionally, negative financial results reported for March 25, including a significant drop in profit before tax and net sales, further complicate the outlook for the stock, contributing to its current price movement.
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