Why is Olympia Industri falling/rising?
As of 24-Sep, Olympia Industries Ltd's stock price is declining at 36.99, down 2.56%, with a negative performance of 4.15% over the past month and 22.21% year-to-date. Weak long-term fundamentals and declining investor interest are contributing to this downward trend.
As of 24-Sep, Olympia Industries Ltd is experiencing a decline in its stock price, currently at 36.99, which reflects a decrease of 0.97 or 2.56%. The stock has underperformed its sector by 2.37% today and has fallen after four consecutive days of gains. In terms of returns, the stock has shown a negative performance of 4.15% over the past month and a significant decline of 22.21% year-to-date. Despite some positive financial indicators, such as a 51% increase in profits over the past year and a very attractive valuation with a PEG ratio of 0.3, the stock's long-term fundamental strength is weak, highlighted by a high Debt to EBITDA ratio of 7.98 times and an average ROCE of only 4.29%. In the broader market context, the stock's recent performance contrasts with the benchmark, as it has consistently underperformed against the BSE500 over the last three years, generating a return of -27.71% in the past year while the benchmark has gained 4.58% year-to-date. The stock's liquidity appears adequate for trading, but a significant drop in delivery volume by 59.72% against the five-day average indicates falling investor participation, which may contribute to the downward pressure on the stock price. Overall, the combination of weak long-term fundamentals, recent underperformance, and declining investor interest are key factors driving the stock's current decline.
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