Why is Shipping Land falling/rising?
As of 29-Sep, Shipping Corporation of India Land & Assets Ltd is facing a decline in stock price, currently at 49.00, with a significant drop in performance over the past year and weak long-term fundamentals. The stock's underperformance relative to the market and lack of investor confidence indicate it is viewed as a strong sell.
As of 29-Sep, Shipping Corporation of India Land & Assets Ltd is experiencing a decline in its stock price, currently at 49.00, reflecting a decrease of 0.61 or 1.23%. The stock has been on a downward trend, having lost 5.5% over the last three days and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the stock has underperformed significantly over the past year, with a return of -31.33%, while also showing a lack of investor participation, as evidenced by a 23.94% drop in delivery volume compared to the 5-day average. Although there were positive results reported for the quarter ending June 25, including a 130.3% growth in PAT and a 35.91% increase in net sales, the company's long-term fundamentals remain weak due to operating losses and a negative EBITDA, which contribute to its overall risk profile.In the broader market context, the stock's short-term performance is notably worse than the benchmark, as it has declined by 4.93% over the past week compared to a 2.18% drop in the Sensex. This underperformance is further highlighted by the stock's year-to-date return of -22.36%, contrasting sharply with the Sensex's gain of 2.85%. The lack of confidence from domestic mutual funds, which hold 0% of the company, suggests that institutional investors are wary of the stock's valuation and business prospects, reinforcing the perception of the stock as a strong sell. Overall, the combination of poor short-term performance, weak long-term fundamentals, and declining investor interest contributes to the stock's current downward trajectory.
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