Why is Sh. Digvijay Cem falling/rising?
As of 05-Jun, Shree Digvijay Cement Co. Ltd's stock price is Rs 78.06, down 3.02%, with a significant decline of 24.21% over the past year. Despite a high dividend yield and increased institutional interest, the company faces challenges due to poor long-term growth prospects and negative returns, leading to a lack of investor confidence.
As of 05-Jun, Shree Digvijay Cement Co. Ltd is experiencing a decline in its stock price, currently at Rs 78.06, which reflects a decrease of 2.43 (-3.02%). The stock has underperformed its sector today by 3.58%, touching an intraday low of Rs 77.9. Over the past week, the stock has declined by 5.34%, and it has shown a significant drop of 24.21% over the last year. Despite a high dividend yield of 3.72% and an increase in institutional investor participation, which has risen by 0.6% in the last quarter, the company faces challenges such as a poor long-term growth outlook, with operating profit decreasing at an annual rate of 23.12% over the past five years. Additionally, the stock is technically in a mildly bearish range, influenced by various bearish indicators.In the broader market context, the Sensex has shown a slight decline of 0.23% over the past week, indicating that the stock's short-term performance is significantly worse than the benchmark. While the stock has a high dividend yield, its valuation appears expensive compared to peers, and it has generated negative returns over the past year, contributing to investor concerns. The stock's recent performance, combined with the company's flat results and low return on capital employed, suggests that it is struggling to attract investor confidence in a market that is not favoring its recent performance.
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