Why is Radix Industries falling/rising?
As of 14-Jul, Radix Industries (India) Ltd's stock price is Rs 154.05, down 3.14%, and has lost 19.99% over the past six days, underperforming its sector and the benchmark Sensex. Despite a 73.86% increase in net sales growth, the stock faces valuation challenges with a high PEG ratio and low ROCE, contributing to its negative market sentiment.
As of 14-Jul, Radix Industries (India) Ltd is experiencing a decline in its stock price, currently at Rs 154.05, which reflects a decrease of Rs 5.0 or 3.14%. The stock has been underperforming, having lost 19.99% over the last six days, and is trading below all key moving averages. Today's performance shows that it underperformed its sector by 2.91%. Additionally, while the stock has seen a significant increase in net sales growth of 73.86% over the last six months, it is facing challenges with a high PEG ratio of 5.1 and a return on capital employed (ROCE) of 13.4, indicating an expensive valuation relative to its earnings growth.Broader market context indicates that Radix Industries has significantly underperformed compared to the benchmark Sensex, with a 1-week return of -15.89% against the Sensex's -1.42%. Over the year, while the stock has generated a return of -0.80%, the Sensex has gained 2.15%. This stark contrast highlights the stock's struggles in the current market environment, despite some positive financial indicators. The stock's liquidity appears adequate, but the overall sentiment remains negative, contributing to the ongoing decline in its price.
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