Why is Saraswati Commer falling/rising?
As of 11-Jun, Saraswati Commercial (India) Ltd's stock price is declining at 12,625.35, down 2.0%, and has lost 27.15% over the last 17 days. Despite a strong annual return of 81.26%, concerns about long-term fundamentals arise due to a 48.6% profit drop and poor short-term performance compared to the market.
As of 11-Jun, Saraswati Commercial (India) Ltd is experiencing a decline in its stock price, currently at 12,625.35, which reflects a decrease of 257.65 or 2.0%. The stock has been underperforming significantly, having lost 27.15% over the last 17 consecutive days. It opened today with a loss of 2% and has not traded outside this range. Additionally, the stock is trading below all its moving averages, indicating a bearish trend. Despite a strong performance over the past year with an 81.26% return, the company's profits have fallen by 48.6%, which raises concerns about its long-term fundamentals. While promoter confidence has increased with a 1.67% stake rise, the overall financial health appears weak due to operating losses and significant declines in net sales and profits.In the broader market context, the stock's short-term performance is notably poor compared to the benchmark, with a 1-week return of -9.61% against the Sensex's gain of 1.87%. Over the past month, the stock has decreased by 17.48%, while the benchmark has risen by 3.85%. This stark contrast highlights the stock's struggles relative to the market. The declining investor participation, as evidenced by a 6.59% drop in delivery volume, further underscores the lack of confidence among investors, contributing to the stock's downward trajectory.
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