Why is Miven Mach. Tool falling/rising?
As of 23-Sep, Miven Machine Tools Ltd is priced at 89.00 with no change, but it has seen a significant decline in investor participation and liquidity. Despite a recent short-term rise, the stock has poor long-term fundamentals, including negative book value and declining net sales, leading to concerns about its future performance.
As of 23-Sep, Miven Machine Tools Ltd is currently priced at 89.00, showing no change (0.00%). The stock has outperformed its sector by 0.66% today, but it is experiencing a significant decline in investor participation, with delivery volume falling by 98.47% compared to the 5-day average. Over the past week, the stock has increased by 6.22%, and in the last month, it has risen by 12.80%. However, it has a negative book value and has shown poor long-term growth, with net sales declining at an annual rate of -100.00% and an operating profit of 0% over the last five years. The stock's high debt levels and negative EBITDA further contribute to its weak long-term fundamental strength, despite a recent rise in profits of 57.1%.In the broader market context, the stock's performance over the past year has been notably poor, with a decline of 14.98%, while the benchmark Sensex has only fallen by 3.33%. This underperformance is concerning, especially given that the market (BSE500) has generated negative returns of -4.69% in the same period. The stock's current trading situation, characterized by a lack of liquidity and a significant drop in delivery volume, suggests that investor confidence is waning, which may further impact its price negatively in the near term.
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