Why is Noida Tollbridg. falling/rising?
As of 04-Jul, Noida Toll Bridge Company Ltd's stock price is at 4.27, down 0.93%. Despite recent positive quarterly results, the stock has significantly underperformed year-to-date with a 68.65% decline, contrasting with the broader market's gains.
As of 04-Jul, Noida Toll Bridge Company Ltd's stock price is currently at 4.27, reflecting a decrease of 0.04 or 0.93%. The stock has been underperforming, having fallen consecutively for the last two days with a total decline of 4.04%. Despite a positive trend over the past week with a return of 10.91%, the stock's year-to-date performance shows a significant drop of 68.65%. The company has reported positive results for the last four consecutive quarters, with notable metrics such as a Debtors Turnover Ratio at its highest and record net sales and PBDIT for the quarter. However, the stock's negative book value and weak long-term fundamental strength, alongside a poor EBIT to Interest ratio, contribute to its current downward movement.In the broader market context, the stock has underperformed compared to the benchmark, with the Sensex showing a gain of 3.01% over the past month while Noida Toll Bridge Company Ltd has only managed a 7.83% increase. The stock's recent performance is also concerning as it has generated a staggering negative return of 67.48% over the past year, contrasting sharply with the market's overall positive return of 2.13%. This underperformance, coupled with the stock's risky trading status compared to historical valuations, indicates a challenging environment for investors, further exacerbating the stock's decline.
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