Why is RattanIndia Ent falling/rising?
As of 12-Nov, RattanIndia Enterprises Ltd's stock price is Rs 48.82, down 2.03%, with significant declines in performance both short-term and year-to-date. The company faces financial challenges, including negative EBIT to Interest ratio and consecutive quarterly losses, leading to a lack of investor confidence.
As of 12-Nov, RattanIndia Enterprises Ltd is experiencing a decline in its stock price, currently at Rs 48.82, which reflects a decrease of Rs 1.01 or 2.03%. The stock has underperformed its sector by 3.69% today, having touched an intraday low of Rs 47.81. Over the past week, the stock has decreased by 5.66%, and it has shown a significant decline of 23.58% year-to-date. The company's financial health is concerning, with a poor EBIT to Interest ratio of -5.90 and negative results reported for the last three consecutive quarters, including a substantial fall in profit after tax. Additionally, the stock's performance has been weak over the long term, with a 28.15% decline over the past year and a troubling operating profit growth rate of -378.71% over the last five years.In the broader market context, while the Sensex has gained 1.21% over the past week and 8.10% year-to-date, RattanIndia Enterprises Ltd has consistently underperformed against this benchmark. The stock's liquidity appears adequate, but the low stake held by domestic mutual funds, at only 0.36%, suggests a lack of confidence in the company's prospects. Overall, the combination of poor financial performance, negative growth indicators, and underwhelming investor sentiment contributes to the stock's downward trajectory.
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