Why is Salzer Electron. falling/rising?
As of 19-Nov, Salzer Electronics Ltd's stock price is Rs 741.55, down 1.19%, with a significant decline of 11.50% over the past month and a year-to-date drop of 46.80%. The company's high debt-equity ratio and low mutual fund stake indicate reduced investor confidence.
As of 19-Nov, Salzer Electronics Ltd's stock price is currently at Rs 741.55, reflecting a decrease of Rs 8.95 or 1.19%. The stock has been underperforming, having fallen consecutively for the last two days with a total decline of 3.29% during this period. Additionally, the stock's performance over the past month shows a significant drop of 11.50%, while it has underperformed the sector by 1.17% today. The company's return on capital employed (ROCE) stands at 11.5, indicating an attractive valuation, but its profits have decreased by 17.6% over the past year, contributing to the negative sentiment. Furthermore, the stock's delivery volume has seen a drastic decline of 71.44% compared to the five-day average, suggesting reduced investor interest.Broader market context indicates that while the Sensex has gained 0.85% over the past week, Salzer Electronics has outperformed with a return of 7.71%. However, the stock has significantly lagged behind the benchmark over the longer term, with a year-to-date decline of 46.80% compared to the Sensex's 9.02% gain. This underperformance may be exacerbated by the company's high debt-equity ratio of 0.86 and low debtors turnover ratio of 3.29, which could deter potential investors. The minimal stake held by domestic mutual funds, at only 0.02%, further suggests a lack of confidence in the stock's current valuation and business prospects.
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