Why is Marathon Nextgen falling/rising?
As of 24-Sep, Marathon Nextgen Realty Ltd's stock price is declining at 640.70, down 4.35% and underperforming its sector. Weak financial fundamentals and declining investor interest are contributing to this negative momentum.
As of 24-Sep, Marathon Nextgen Realty Ltd is experiencing a decline in its stock price, currently at 640.70, reflecting a decrease of 29.15 points or 4.35%. The stock has underperformed its sector by 1.93% today and has been on a consecutive downward trend for the last two days, resulting in a total decline of 4.66%. The stock touched an intraday low of Rs 631.8, indicating significant selling pressure. Over the past week, the stock has shown a slight increase of 0.47%, but it has underperformed over the past month with a decline of 0.74%. The company has weak long-term fundamental strength, evidenced by a high Debt to EBITDA ratio of 6.21 times and flat results in recent financials, which have contributed to the stock's negative momentum.Broader market context indicates that while the Sensex has fallen by 1.18% over the past week, Marathon Nextgen's performance has been relatively better in the longer term, with a year-to-date return of 9.59% compared to the Sensex's 4.58%. However, the construction and real estate sector has faced a decline of 2.38%, which may be impacting investor sentiment towards Marathon Nextgen. Additionally, a significant drop in delivery volume by 29.51% against the 5-day average suggests falling investor participation, further exacerbating the stock's downward trend. Overall, the combination of weak financial fundamentals, sector performance, and declining investor interest are contributing to the stock's recent price decline.
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