Why is Shipping Land falling/rising?
As of 22-Sep, the Shipping Corporation of India Land & Assets Ltd is facing a decline in stock price, currently at 51.54, with a significant negative return of -32.62% over the past year and poor financial metrics contributing to its underperformance. The lack of investment from domestic mutual funds indicates low confidence in the stock's future prospects.
As of 22-Sep, the Shipping Corporation of India Land & Assets Ltd is experiencing a decline in its stock price, currently at 51.54, reflecting a decrease of 0.09 or 0.17%. The stock has been underperforming, having lost 0.62% over the last three days and is currently lower than its 5-day, 100-day, and 200-day moving averages. Despite a recent increase in delivery volume by 19.22%, the stock has generated a significant negative return of -32.62% over the past year, indicating poor performance. While there were positive results in net sales growth of 42.34% over the last six months, the company is facing substantial operating losses, with a negative EBITDA and weak long-term fundamental strength, which contributes to the stock's downward trend.In the broader market context, the stock's short-term return of +0.35% over the past week is slightly below the benchmark Sensex, which has risen by 0.46%. This underperformance is consistent with the stock's negative trajectory over the past year compared to the Sensex's positive return of 5.15%. The lack of investment from domestic mutual funds, which hold 0% of the company, suggests a lack of confidence in the stock's future performance, further exacerbating its struggles in both the near and long term. Overall, the combination of poor financial metrics and weak market sentiment is driving the stock lower.
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