Why is Relic Tech. falling/rising?
As of 29-Jul, Relic Technologies Ltd's stock price is declining at 83.25, down 1.94%, with a significant drop in investor participation. Despite a strong long-term return of 426.90% over the past year, the company faces challenges such as operating losses and negative EBITDA, raising concerns about its profitability.
As of 29-Jul, Relic Technologies Ltd is experiencing a decline in its stock price, currently at 83.25, reflecting a decrease of 1.65 or 1.94%. The stock has underperformed its sector by 2.4% today, with a notable drop in investor participation, as evidenced by a 43.17% decrease in delivery volume compared to the 5-day average. Despite a strong long-term performance, with a remarkable 426.90% return over the past year, the company is facing significant challenges, including operating losses and a negative EBITDA, which have contributed to its weak long-term fundamental strength. The recent financial results have shown the lowest figures for PBDIT, PBT, and EPS, indicating deteriorating profitability.In the broader market context, the stock's short-term performance over the past week has been a decline of 4.63%, while the benchmark Sensex has only fallen by 1.03%. This stark contrast highlights the stock's recent struggles despite its impressive long-term returns, which have outpaced the benchmark significantly over various periods. The company's weak operating profit growth and negative earnings are raising concerns among investors, leading to a cautious sentiment that is reflected in the stock's current price movement.
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