Why is Rishabh Instrum. falling/rising?
As of 23-Jun, Rishabh Instruments Ltd is priced at 281.25, down 0.27%, and has declined 6.9% over the last four days. The stock has underperformed the market significantly, with a year-to-date return of -16.43% compared to the Sensex's 4.81% gain, reflecting poor management efficiency and declining liquidity.
As of 23-Jun, Rishabh Instruments Ltd is currently priced at 281.25, reflecting a decrease of 0.75, or 0.27%. The stock has been on a downward trend, having fallen for the last four consecutive days, resulting in a total decline of 6.9% during this period. Over the past week, the stock has underperformed significantly, with a return of -4.34%, while the Sensex has shown a slight increase of 0.12%. Additionally, the company has a low Return on Equity (ROE) of 3.70%, indicating poor management efficiency and low profitability per unit of shareholders' funds. The operating profit has also seen a substantial decline, growing at an annual rate of -38.39% over the last five years, which contributes to the stock's negative performance.In the broader market context, Rishabh Instruments Ltd has underperformed compared to the benchmark, with a year-to-date return of -16.43% against the Sensex's gain of 4.81%. This stark contrast highlights the stock's struggles amidst a generally positive market environment. Furthermore, the stock's liquidity appears to be declining, as evidenced by a 33.02% drop in delivery volume compared to the five-day average. While the stock is trading at a discount relative to its peers, the overall negative sentiment surrounding its financial performance and management efficiency continues to weigh heavily on its price movement.
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