Why is Sh. Ganesh Elas. falling/rising?
As of 02-Jul, Shree Ganesh Elastoplast Ltd's stock price is at 23.05, down 0.22%, and has significantly underperformed its sector and the broader market. The company faces operational challenges, including losses and a poor ability to service debt, contributing to a year-to-date decline of 14.63%.
As of 02-Jul, Shree Ganesh Elastoplast Ltd's stock price is currently at 23.05, reflecting a decrease of 0.05, or 0.22%. The stock has underperformed its sector by 0.99% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has seen a decline of 7.36%, and its year-to-date performance shows a significant drop of 14.63%. The company is facing challenges, including operating losses and a weak ability to service its debt, indicated by a poor EBIT to Interest ratio of 0.36. Additionally, negative results reported for March 25 show a substantial decline in net sales and profit after tax, both down by 49.22%. The stock's performance has been below par in both the long term and near term, with a return of -5.92% over the past year.In the broader market context, the Sensex has shown a positive return of 0.79% over the past week and a 6.75% increase year-to-date, contrasting sharply with Shree Ganesh Elastoplast's negative performance. This divergence highlights the stock's struggles relative to the overall market. Despite a rise in investor participation, as evidenced by a 75% increase in delivery volume, the stock's liquidity remains low, and the overall sentiment is cautious due to its weak fundamentals and negative EBITDA. The combination of these factors contributes to the stock's downward movement in the current market environment.
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