Why is Oriental Rail falling/rising?
As of 08-Jul, Oriental Rail Infrastructure Ltd's stock price is Rs 179.75, down 0.66%, with a significant decline of 3.88% over the past three days and a yearly return of -45.04%. The company's high Debt to EBITDA ratio and poor performance relative to the market indicate negative investor sentiment and concerns about long-term growth.
As of 08-Jul, Oriental Rail Infrastructure Ltd is experiencing a decline in its stock price, currently at Rs 179.75, which reflects a decrease of Rs 1.2 or 0.66%. The stock has been on a downward trend, having lost 3.88% over the past three days, with today's performance aligning with the sector. The stock reached an intraday low of Rs 175.05, and trading volume has decreased significantly, with delivery volume falling by 52.58% compared to the five-day average. Over the past year, the stock has generated a return of -45.04%, while its profits have decreased by 2.7%. Additionally, the company has a high Debt to EBITDA ratio of 5.02 times, indicating a low ability to service its debt, which contributes to negative sentiment around the stock.In the broader market context, the stock's short-term performance has underperformed relative to the benchmark, with a 1-week return of -1.45% compared to a slight increase of 0.02% in the Sensex. While the stock has shown some positive returns over the past month at +7.83%, its year-to-date performance remains poor at -44.19%, contrasting sharply with the Sensex's gain of 7.13%. This underperformance, coupled with a lack of domestic mutual fund interest, suggests that investors may be wary of the company's long-term growth prospects, further contributing to the stock's decline.
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