Why is Olympia Industri falling/rising?
As of 04-Aug, Olympia Industries Ltd's stock price is declining at 39.00, down 2.26%, and has underperformed its sector. Despite a recent positive return of 2.66% over the week, it has a significant annual decline of 32.47% due to high debt levels and weak fundamentals.
As of 04-Aug, Olympia Industries Ltd is experiencing a decline in its stock price, currently at 39.00, reflecting a decrease of 0.9 or 2.26%. The stock has underperformed its sector today by 3.26%, and while it is higher than its 5-day moving averages, it remains lower than the 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has shown a positive return of 2.66%, but it has underperformed over the last month with a decline of 3.70%. Notably, the stock has generated a significant negative return of 32.47% over the past year, despite a 51% increase in profits, which is reflected in its low PEG ratio of 0.3. However, the company faces challenges such as a high Debt to EBITDA ratio of 7.98 times and weak long-term fundamental strength, which contribute to the stock's downward movement.In the broader market context, the Sensex has shown a modest increase of 0.16% over the past week, while Olympia Industries' performance has been notably weaker, indicating a lack of investor confidence. The stock's year-to-date performance is down 17.98%, contrasting sharply with the Sensex's positive return of 3.69%. This underperformance is further highlighted by the significant drop in delivery volume, which has fallen by 58.89% against the 5-day average, suggesting declining investor participation. Overall, the combination of weak long-term fundamentals, high debt levels, and recent underperformance relative to the benchmark has contributed to the stock's current decline.
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