Why is Setubandhan Inf. falling/rising?
As of 14-Jul, Setubandhan Infrastructure Ltd's stock price is 0.79, down 5.95%, and has underperformed its sector. Concerns about its long-term strength arise from a high Debt to EBITDA ratio, low Return on Equity, and significant declines in net sales and profit after tax.
As of 14-Jul, Setubandhan Infrastructure Ltd's stock price is currently at 0.79, reflecting a decrease of 0.05, or 5.95%. The stock has underperformed its sector by 5.51% today, and it has shown erratic trading patterns, not trading on 4 out of the last 20 days. In the past week, the stock has declined by 2.47%, and over the past month, it has fallen by 16.84%. The company has not declared results in the last six months, which raises concerns about its long-term fundamental strength. Additionally, the company has a high Debt to EBITDA ratio of -1.00 times and has generated a low Return on Equity of 0.07%, indicating low profitability. The latest financial results show a significant decline in net sales and profit after tax, both down by 66.07%, contributing to the stock's negative movement.In the broader market context, the Sensex has decreased by 1.49% over the past week, indicating that while Setubandhan Infrastructure Ltd is also falling, it is underperforming relative to the benchmark. Year-to-date, the stock has gained 1.28%, but this is significantly lower than the Sensex's gain of 6.08%. The rising investor participation, with a delivery volume increase of 323.87% against the 5-day average, suggests some interest in the stock despite its overall decline. However, the lack of recent financial disclosures and the company's poor performance metrics continue to weigh heavily on investor sentiment, leading to the stock's downward trend.
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