Why is Sangam India falling/rising?
As of 04-Sep, Sangam (India) Ltd's stock is at 370.00, down 1.57%, and has significantly underperformed its sector. The company faces declining investor participation, high debt concerns, and has reported negative results for 11 consecutive quarters, contributing to a year-over-year return of -11.27%.
As of 04-Sep, Sangam (India) Ltd's stock price is currently at 370.00, reflecting a decrease of 5.9, or 1.57%. The stock has underperformed its sector today by 0.5%, and while it is trading above its 20-day moving average, it is below the 5-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has declined by 0.39%, and in the last month, it has fallen by 5.82%. The company has experienced a significant drop in investor participation, with delivery volume falling by 68.54% compared to the 5-day average. Additionally, the stock has generated a return of -11.27% over the past year, coinciding with a 49% decline in profits, which has contributed to its negative performance.In the broader market context, the Sensex has increased by 0.80% over the past week, contrasting with Sangam's decline, indicating a consistent underperformance against the benchmark. The company's high Debt to EBITDA ratio of 3.51 times raises concerns about its ability to service debt, and its return on equity of 9.42% suggests low profitability. Furthermore, the company has reported negative results for the last 11 consecutive quarters, with a significant drop in profit after tax and operating profit to interest ratio. The lack of investment from domestic mutual funds, which hold 0% of the company, may reflect a lack of confidence in its current valuation or business prospects, further impacting the stock's performance negatively.
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