Why is Saraswati Commer falling/rising?
As of 09-Oct, Saraswati Commercial (India) Ltd's stock price is declining at 12,802.05, down 1.61% and has underperformed significantly over the past year with a return of -42.02%. The company faces weak fundamentals, negative investor sentiment, and a lack of mutual fund investment, contributing to its downward trend.
As of 09-Oct, Saraswati Commercial (India) Ltd is experiencing a decline in its stock price, currently at 12,802.05, reflecting a decrease of 209.95 points or 1.61%. The stock has underperformed its sector by 2.21% today and has been on a consecutive downward trend for the last three days, resulting in a total drop of 5.87%. It opened with a loss of 2.28% and reached an intraday high of Rs 13,445, but also touched a low of Rs 12,625. Over the past year, the stock has significantly underperformed, with a return of -42.02%, while its profits have plummeted by 81.4%. The company has also reported negative results for the last three consecutive quarters, contributing to a weak long-term fundamental outlook.In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as the Sensex has gained 1.47% over the past week, while Saraswati Commercial has declined by 0.73%. The stock's liquidity appears to be adequate, but the falling investor participation, with a 19.29% drop in delivery volume, indicates a lack of confidence among investors. Additionally, domestic mutual funds hold no stake in the company, suggesting a lack of comfort at current price levels. Overall, the combination of poor financial performance, negative investor sentiment, and significant underperformance relative to the market contributes to the stock's downward trajectory.
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