Why is N G Industries falling/rising?
As of 14-Jul, N G Industries Ltd's stock price is Rs 150.00, down 1.61%, and has underperformed its sector and the broader market significantly. Despite recent profit growth, the stock shows a bearish trend with a year-to-date decline of 16.67% and weak long-term fundamentals.
As of 14-Jul, N G Industries Ltd is experiencing a decline in its stock price, currently at Rs 150.00, which reflects a decrease of Rs 2.45 or 1.61%. The stock has underperformed its sector by 2.38% today and has been on a consecutive downward trend for the last two days, resulting in a total decline of 3.85%. Additionally, the stock is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past week, the stock has fallen by 2.60%, and year-to-date, it has decreased by 16.67%, significantly underperforming the Sensex, which has gained 5.27%. Despite positive results in the last three quarters, including an 80.59% growth in profit after tax, the stock's long-term fundamentals are weak, with a -11.39% CAGR growth in operating profits over the last five years.Broader Market Context: In the context of the broader market, N G Industries has significantly underperformed compared to the BSE500 index, which has generated a return of 0.26% over the past year, while N G Industries has seen a negative return of -11.92%. This stark contrast highlights the stock's struggles in attracting investor interest, as evidenced by a 75.72% drop in delivery volume compared to its 5-day average. The liquidity of the stock remains adequate for trading, but the overall sentiment appears to be negative, compounded by the company's weak ability to service its debt and low profitability per unit of capital employed.
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