Why is Marathon Nextgen falling/rising?
As of 06-Nov, Marathon Nextgen Realty Ltd's stock price is Rs 583.75, down 2.82%, and has underperformed its sector. Concerns about high debt levels and weak growth indicators, combined with declining investor interest, contribute to its downward trend.
As of 06-Nov, Marathon Nextgen Realty Ltd is experiencing a decline in its stock price, currently at Rs 583.75, which represents a decrease of Rs 16.95 or 2.82%. The stock has underperformed its sector by 0.93% today and has been on a consecutive downward trend for the last two days, resulting in a total decline of 3.79%. Additionally, the stock's performance over the past week shows a decrease of 3.87%, while it has slightly outperformed the benchmark Sensex over the past year with a return of 0.26%. However, the company's fundamentals are concerning, with a high Debt to EBITDA ratio of 5.86 times and weak long-term growth indicators, including a 17.26% CAGR in operating profits over the last five years. The stock is trading at a high valuation compared to its peers, which may deter investors.In the broader market context, the Sensex has shown a decline of only 1.30% over the past week, indicating that Marathon Nextgen's performance is significantly worse than the overall market trend. The stock's recent price movements reflect a falling investor participation, with a notable drop in delivery volume by 37.4% against the five-day average, suggesting reduced interest from investors. Despite high institutional holdings at 22.48%, which typically indicates a level of confidence in the company's fundamentals, the weak financial results and high valuation may lead to a lack of retail investor support, contributing to the stock's downward trajectory.
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