Why is Orient Green falling/rising?
As of 07-Jul, Orient Green Power Company Ltd is priced at 15.00, up 4.75% today after three days of decline, but has weak long-term fundamentals with a -7.26% CAGR in operating profits over five years and a high Debt to EBITDA ratio of 5.14. Despite recent gains, the stock has underperformed the market over the past year with a return of -24.10%, and low investor participation indicates caution among institutional investors.
As of 07-Jul, Orient Green Power Company Ltd is currently priced at 15.00, reflecting an increase of 0.68 or 4.75%. The stock has shown a positive trend today, gaining after three consecutive days of decline, and has outperformed its sector by 4.05%. Over the past week, the stock has risen by 3.16%, while it has experienced a significant increase of 12.95% over the past month. However, despite this recent uptick, the company has a weak long-term fundamental strength, with a -7.26% CAGR growth in operating profits over the last five years and a high Debt to EBITDA ratio of 5.14 times, indicating challenges in servicing debt. Additionally, the stock has underperformed the market over the past year, generating a return of -24.10% compared to the benchmark's positive return of 1.74%.In the broader market context, the stock's recent performance contrasts with the Sensex, which has seen a slight decline of 0.20% over the past week. While Orient Green's short-term gains are notable, the overall sentiment remains cautious due to its weak long-term fundamentals and low investor participation, as evidenced by a 48.72% drop in delivery volume compared to the five-day average. The lack of domestic mutual fund investment, which stands at 0%, further suggests that institutional investors may be wary of the stock's valuation and business prospects.
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