Why is Marine Electric. falling/rising?
As of 14-Nov, Marine Electricals (India) Ltd is currently priced at 250.20, reflecting a 1.56% increase and strong performance, significantly outperforming its sector. The stock shows positive momentum with rising investor participation and a robust upward trend over the past week and month, despite a year-to-date decline.
As of 14-Nov, Marine Electricals (India) Ltd is experiencing a price increase, currently at 250.20, reflecting a rise of 3.85 or 1.56%. The stock has shown strong performance today, outperforming its sector by 1.55%. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating positive momentum. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 104.12% compared to the 5-day average. Over the past week, the stock has gained 7.59%, and over the last month, it has increased by 22.59%, showcasing a robust upward trend despite a year-to-date decline of 5.03%.In the broader market context, the Sensex has only increased by 1.64% over the past week and 3.04% over the past month, indicating that Marine Electricals is outperforming the benchmark significantly in the short term. The company has demonstrated a strong ability to service its debt, with a low Debt to EBITDA ratio of 0.65 times, and has reported healthy long-term growth with net sales increasing at an annual rate of 27.28%. Furthermore, the company has shown consistent returns over the last three years, generating a 10.51% return in the last year, which has contributed to the positive sentiment surrounding the stock.
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