Why is Saraswati Commer falling/rising?
As of 28-Aug, Saraswati Commercial (India) Ltd's stock price is Rs 13,650.00, down 2.44% and has declined 5.21% over the last three days. The stock is underperforming due to weak financial results and a lack of investor confidence, reflected in a year-to-date return of -30.38%.
As of 28-Aug, Saraswati Commercial (India) Ltd is experiencing a decline in its stock price, currently at Rs 13,650.00, which reflects a decrease of Rs 341.0 or 2.44%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 5.21% during this period. Today's trading saw the stock reach an intraday high of Rs 14,380, but it also hit a low of Rs 13,500. The stock's performance over the past week shows a decrease of 3.53%, while it has fared better over the past month with an increase of 8.20%. However, the stock has a troubling year-to-date return of -30.38%, and its long-term fundamentals are weak, with a return on equity of only 11.94% and negative results reported for the last three consecutive quarters.In the broader market context, the Sensex has decreased by 2.34% over the past week, indicating that while Saraswati Commercial is underperforming relative to the benchmark, the overall market is also facing challenges. The stock's recent struggles can be attributed to its weak financial performance, including a significant drop in net sales and profits, which have fallen by 94.67% and 81.4%, respectively. Additionally, the lack of domestic mutual fund investment, which stands at 0%, suggests a lack of confidence in the company's valuation and business prospects. This combination of poor financial results and declining investor participation is contributing to the stock's downward trend.
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