Why is Saraswati Commer falling/rising?
As of 26-Aug, Saraswati Commercial (India) Ltd's stock price is Rs 13,991.00, down 0.77%, with a total decline of 2.84% over the last two days. The company has reported negative financial results for three consecutive quarters, contributing to its underperformance relative to the market and a significant drop in investor confidence.
As of 26-Aug, Saraswati Commercial (India) Ltd is experiencing a decline in its stock price, currently at Rs 13,991.00, which represents a decrease of Rs 109.0 or 0.77%. The stock has been underperforming recently, having fallen consecutively for the last two days, resulting in a total decline of 2.84%. Additionally, the stock's performance over the past week shows a decrease of 1.87%, while it has outperformed its sector by 1.18% today. However, the company has reported negative results for the last three consecutive quarters, with net sales and profit after tax both declining by 94.67%. This weak financial performance, coupled with a low return on equity of 11.94% and a high price-to-book value ratio, indicates fundamental weaknesses that contribute to the stock's downward movement.In the broader market context, the Sensex has decreased by 1.05% over the past week, which is less than the stock's decline, indicating that the stock is underperforming relative to the benchmark. The finance/NBFC sector has also seen a decline of 2.01%, reflecting a challenging environment for stocks in this sector. Furthermore, the significant drop in delivery volume, which fell by 89.53% against the five-day average, suggests a lack of investor confidence and participation. With domestic mutual funds holding no stake in the company, it may signal discomfort with the current valuation and business outlook, further exacerbating the stock's decline.
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