Why is Milkfood falling/rising?
As of 29-Aug, Milkfood Ltd's stock price is Rs 70.50, down 4.73%, with a significant decline of 54.46% over the past year and concerning financial health marked by operating losses and a high debt-to-EBITDA ratio. The stock's bearish trend and negative investor sentiment reflect its underperformance compared to benchmark indices.
As of 29-Aug, Milkfood Ltd's stock price is currently at Rs 70.50, reflecting a decrease of Rs 3.5 or 4.73%. The stock has opened lower today, with a gap down of 2.69%, and it reached an intraday low of Rs 70.15, marking a decline of 5.2%. Over the past week, the stock has underperformed significantly, with a return of -7.59%, compared to the Sensex's decline of only -1.84%. Additionally, the stock has shown a troubling trend over the past year, with a staggering return of -54.46%, while the company's profits have plummeted by 64.3%. The stock is trading below all key moving averages, indicating a bearish trend, and there has been a notable decrease in investor participation, with delivery volume falling by 7% against the five-day average.In the broader market context, Milkfood's performance has been considerably weaker than the benchmark indices, as evidenced by its negative returns over various periods compared to the Sensex. The company's financial health is concerning, with operating losses and a high debt-to-EBITDA ratio of 4.98 times, which indicates a low ability to service debt. Furthermore, the company has reported negative results for three consecutive quarters, with net sales falling by 23.31%. These factors contribute to a perception of weak long-term fundamental strength, leading to a lack of investor confidence and further driving the stock's decline.
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