Why is Salzer Electron. falling/rising?
As of 15-Sep, Salzer Electronics Ltd's stock price is Rs 814.20, down 1.5%, and underperforming its sector. The stock is near its 52-week low and has seen a significant year-to-date decline of 41.59%, indicating a bearish trend and lack of investor confidence.
As of 15-Sep, Salzer Electronics Ltd is experiencing a decline in its stock price, currently at Rs 814.20, reflecting a decrease of Rs 12.4 or 1.5%. The stock has underperformed its sector by 2.43% today and is trading below all key moving averages, indicating a bearish trend. Additionally, the stock is close to its 52-week low, being only 4.05% away from Rs 781.25. Over the past month, the stock has dropped by 3.40%, and its year-to-date performance shows a significant decline of 41.59%. Despite a 37.7% increase in profits over the past year, the stock has generated a negative return of 20.10%, which is concerning given its high debt-equity ratio of 0.77 and the highest quarterly interest expense at Rs 12.10 crore. The low participation from domestic mutual funds, holding only 0.02%, suggests a lack of confidence in the stock's current valuation.In the broader market context, the Sensex has shown a positive return of 1.24% over the past week and 4.67% year-to-date, contrasting sharply with Salzer Electronics' performance. The stock's recent decline is further highlighted by its negative returns compared to the benchmark, which has only fallen by 3.45% over the last year. This underperformance indicates that while the overall market has been recovering, Salzer Electronics has struggled significantly, leading to a lack of investor confidence and contributing to its current price drop.
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