Why is Riddhi Siddhi Gl falling/rising?
As of 18-Jul, Riddhi Siddhi Gluco Biols Ltd's stock price is Rs 610.00, down 0.97%, following five days of gains. Despite a recent short-term return of 7.02%, the company faces significant operating losses and negative financial metrics, leading to underperformance against the benchmark Sensex and contributing to the stock's decline.
As of 18-Jul, Riddhi Siddhi Gluco Biols Ltd is experiencing a decline in its stock price, currently at Rs 610.00, which reflects a decrease of 6.0 points or 0.97%. The stock has underperformed its sector by 0.44% today and has fallen after five consecutive days of gains. It touched an intraday low of Rs 600.4, indicating a drop of 2.53%. Over the past week, the stock has shown a return of 7.02%, while its performance over the last month is a gain of 5.17%. However, the company has reported significant operating losses, with a weak long-term fundamental strength, including a poor EBIT to Interest ratio of -1.31 and negative returns on capital employed (ROCE). These factors contribute to the stock's recent downward movement.In the broader market context, while the stock has shown positive returns in the short term, it has underperformed the benchmark index, the Sensex, which has gained 0.38% over the last month. The stock's year-to-date performance is notably poor, with a decline of 4.53%, contrasting sharply with the Sensex's increase of 4.63%. The company's reported losses and negative sales growth, alongside a significant drop in profit after tax, indicate underlying financial challenges that may be influencing investor sentiment and contributing to the stock's decline.
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