Why is Prima Industries falling/rising?
As of 04-Jul, Prima Industries Ltd is currently priced at 23.27, reflecting a recent increase but facing significant challenges such as operating losses and a poor ability to service debt. Despite strong short-term performance, the stock's long-term prospects remain uncertain due to a year-to-date decline and negative financial indicators.
As of 04-Jul, Prima Industries Ltd is experiencing a price increase, currently at 23.27, reflecting a rise of 0.67 or 2.96%. The stock has shown strong performance recently, outperforming its sector by 1.9% today and achieving a consecutive gain over the last two days with a total return of 7.09%. In the past week, the stock has surged by 10.81%, while it has also outperformed the benchmark Sensex, which has declined by 0.74% during the same period. However, despite these short-term gains, the company faces significant challenges, including operating losses and a weak ability to service its debt, as indicated by a poor EBIT to Interest ratio of 0.54. Additionally, the stock is considered risky due to negative EBITDA and a substantial drop in profits over the past year, which has fallen by 74%.In the broader market context, while Prima Industries has shown a remarkable 30.51% increase over the past month, the Sensex has only risen by 3.01%, highlighting the stock's strong short-term performance relative to the benchmark. However, it is important to note that the stock has a year-to-date decline of 18.69%, contrasting with the Sensex's gain of 6.77%, indicating underlying weaknesses that could affect long-term investor sentiment. The stock's liquidity appears adequate for trading, but the overall financial health of the company raises concerns, suggesting that while the stock is currently rising, its long-term prospects remain uncertain.
{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)
{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
Our weekly and monthly stock recommendations are here
Loading...
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Target Price
{{sm.target_price }}
({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
₹{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News
