Why is NRB Indl Bearing falling/rising?
As of 18-Sep, NRB Industrial Bearings Ltd's stock price is Rs 31.81, down 3.2%, with a recent decline influenced by a 64.46% drop in delivery volume and weak long-term fundamentals. Despite positive short-term returns, the stock has underperformed against the BSE500 and has negative growth prospects, contributing to its riskiness.
As of 18-Sep, NRB Industrial Bearings Ltd is experiencing a decline in its stock price, currently at Rs 31.81, which reflects a decrease of Rs 1.05 or 3.2%. The stock has underperformed its sector by 3.26% today and has been on a downward trend for the last two days, resulting in a total drop of 5.04%. Despite a strong performance over the past month and year-to-date, with returns of 18.65% and 33.66% respectively, the stock's recent movement is influenced by a significant drop in delivery volume, which has decreased by 64.46% compared to the five-day average. Additionally, the company has a negative book value and weak long-term fundamentals, as evidenced by stagnant operating profit and high debt levels, which contribute to the stock's riskiness.Broader market context indicates that while NRB Industrial Bearings has shown positive short-term returns, it has consistently underperformed against the benchmark BSE500 over the last three years, including a negative return of 13.35% in the past year. The Sensex has only marginally increased by 0.08% during the same period, highlighting the stock's relative weakness. The overall market sentiment may be affected by the company's poor long-term growth prospects and negative EBITDA, which could lead investors to be cautious, further contributing to the stock's decline.
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