Why is Panasonic Carbon falling/rising?
As of 08-Sep, Panasonic Carbon India Company Ltd. is priced at 496.00, showing a slight increase today and a positive short-term performance, but it has significantly declined over the past year. The company's low debt-to-equity ratio is a positive aspect, yet challenges like poor long-term growth and underperformance against benchmarks raise concerns about its overall outlook.
As of 08-Sep, Panasonic Carbon India Company Ltd. is currently priced at 496.00, reflecting a slight increase of 0.1 (0.02%). The stock has shown a positive performance today, outperforming its sector by 0.35% and has been on a consecutive gain for the last two days, rising 1.19% during this period. In terms of returns, the stock has increased by 1.98% over the past week and 4.40% over the past month, although it has experienced a significant decline of 24.98% over the past year. The company maintains a low debt-to-equity ratio, which is a positive factor, but it also faces challenges such as poor long-term growth, with net sales and operating profit growing at only 5.58% and 4.48% annually over the last five years, respectively.In the broader market context, the stock's short-term performance has outpaced the Sensex, which has only increased by 0.53% over the past week. However, despite this recent uptick, the stock has underperformed against the benchmark over longer periods, including a 9.85% decline year-to-date compared to a 3.39% increase in the Sensex. The company's flat results in June, along with a high price-to-book value ratio and a negative return over the last year, suggest that while there may be some short-term gains, the overall outlook remains concerning, contributing to the stock's mixed performance in the market.
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