Why is Rajas. Tube Mfg falling/rising?
As of 22-Sep, Rajasthan Tube Manufacturing Co Ltd's stock price is declining at 39.50, down 1.23%, and has underperformed its sector. Despite impressive long-term returns, the company faces significant challenges, including decreased promoter holding and substantial operating losses, indicating weak fundamental strength.
As of 22-Sep, Rajasthan Tube Manufacturing Co Ltd is experiencing a decline in its stock price, currently at 39.50, reflecting a decrease of 0.49 or 1.23%. The stock has underperformed its sector today by 0.86%, and while it is trading above its 200-day moving average, it is below its 5-day, 20-day, 50-day, and 100-day moving averages. Over the past week, the stock has decreased by 1.64%, and in the last month, it has fallen by 7.97%. Despite impressive long-term returns, including a staggering 912.82% over the past year, the company is facing significant challenges, including a decrease in promoter holding to 16.5% and substantial operating losses, which contribute to its weak long-term fundamental strength.In the broader market context, the stock's recent performance contrasts sharply with the Sensex, which has gained 0.46% over the past week and 1.05% over the past month. The company's financial struggles are underscored by a high Debt to EBITDA ratio of 5.08 times and a significant drop in net sales and profit after tax in the latest quarter. Although the stock has shown remarkable returns over the years, its profitability has declined, with a return on equity averaging only 8.49%. These factors, combined with a very expensive valuation relative to its peers, suggest that the stock's recent price movement is influenced more by its underlying financial issues than by its historical performance.
{{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
Most Read
