Why is Parvati Sweetner falling/rising?
As of 17-Sep, Parvati Sweetners and Power Ltd is seeing a price increase to 7.59, but faces significant financial challenges, including operating losses and a poor long-term outlook, despite a recent short-term gain. The stock has underperformed compared to the Sensex and shows declining investor confidence.
As of 17-Sep, Parvati Sweetners and Power Ltd is experiencing a price increase, currently at 7.59, reflecting a change of 0.1 or 1.34% upward. The stock has shown a positive performance today, outperforming its sector by 1.18% and has been gaining for the last two days, with a total return of 2.99% during this period. However, despite this short-term gain, the company has faced significant challenges, including operating losses and a weak long-term fundamental strength, as indicated by a poor EBIT to Interest ratio of 1.07 and a low Return on Equity of 1.46%. The company's recent financial results have been disappointing, with net sales declining by 78.53% and a staggering drop in PAT of 2472.9% compared to the previous quarter's average.In the broader market context, the stock's short-term return of 0.93% over the past week is lower than the benchmark Sensex, which has increased by 1.56% during the same period. Over the last month, the stock has also underperformed the Sensex, gaining only 0.66% compared to the benchmark's 2.60%. This underperformance is compounded by a significant decline in investor participation, with delivery volume dropping by 84.08% against the five-day average, indicating a lack of confidence among investors. Overall, while there is a slight upward movement in the stock price, the underlying financial issues and poor long-term performance suggest a challenging outlook for Parvati Sweetners and Power Ltd.
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