Why is NCL Industries falling/rising?
As of 08-Jul, NCL Industries Ltd's stock price is at 226.65, down 2.43% and has underperformed its sector and the market over the past year. Despite a recent positive monthly return, the stock has seen significant declines in both price and trading volume, indicating weak investor interest.
As of 08-Jul, NCL Industries Ltd's stock price is currently at 226.65, reflecting a decrease of 5.65, or 2.43%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 3.51% during this period. Additionally, the stock has underperformed its sector by 3.1% today. It touched an intraday low of Rs 224.6, and the trading volume has decreased significantly, with delivery volume dropping by 45.55% compared to the five-day average. Despite a positive return of 3.07% over the past month, the stock has generated a negative return of 9.10% over the past year, coinciding with a substantial profit decline of 69%. The company maintains a strong ability to service its debt, indicated by a low Debt to EBITDA ratio of 1.38 times, and is trading at a discount compared to its peers.In the broader market context, the Sensex has shown a slight increase of 0.02% over the past week, while NCL Industries has declined by 2.85% in the same timeframe. This indicates that the stock is not only underperforming relative to the benchmark but also struggling to attract investor interest, as evidenced by the falling delivery volumes. The stock's performance over the year is notably weaker than the benchmark's 4.69% gain, highlighting a challenging environment for NCL Industries amidst broader market stability.
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