Why is Prima Agro falling/rising?
As of 28-Jul, Prima Agro Ltd's stock price is at 22.06, down 6.05%, and has significantly underperformed its sector and the broader market. The stock shows a bearish trend with a year-to-date decline of 20.65% and weak long-term fundamentals, including a -200.00% CAGR in operating profits over the last five years.
As of 28-Jul, Prima Agro Ltd's stock price is currently at 22.06, reflecting a decline of 1.42, or 6.05%. The stock has underperformed its sector today by 1.04%, opening with a significant loss of 4.17% and reaching an intraday low of Rs 21, which represents a drop of 10.56%. Over the past week, the stock has decreased by 5.12%, and year-to-date, it has seen a substantial decline of 20.65%. The company is trading below all its moving averages, indicating a bearish trend. Additionally, the stock's long-term fundamentals are weak, with a staggering -200.00% CAGR growth in operating profits over the last five years, and a negative EBITDA further exacerbates its risk profile.In the broader market context, while the Sensex has declined by 1.59% over the past week, Prima Agro's performance has been notably worse, indicating a consistent underperformance against the benchmark. The stock has generated a return of -15.12% over the past year, while the Sensex has remained relatively flat with a -0.54% return. The aquaculture sector, in which Prima Agro operates, has also faced challenges, falling by 4.31%. The decline in investor participation, evidenced by a 41.69% drop in delivery volume, further suggests a lack of confidence in the stock, contributing to its downward trajectory.
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