Why is Shipping Land falling/rising?
As of 06-Nov, Shipping Corporation of India Land & Assets Ltd is facing a decline in stock price, currently at Rs 48.39, with a 3.24% decrease and poor financial performance, including a negative EBITDA and significant operating losses. The stock has underperformed compared to market benchmarks, reflecting a lack of investor confidence and weak fundamentals.
As of 06-Nov, Shipping Corporation of India Land & Assets Ltd is experiencing a decline in its stock price, currently at Rs 48.39, reflecting a decrease of Rs 1.62 or 3.24%. The stock has been underperforming, having lost 6.29% over the last five days and is trading below all its moving averages. Additionally, the company has reported poor financial performance, with a negative EBITDA and significant operating losses, leading to a -28.00% return over the past year. The lack of domestic mutual fund investment, which stands at 0%, further indicates a lack of confidence in the company's prospects.In the broader market context, the stock's performance has been notably worse than the benchmark, with a -4.41% return over the past week compared to the Sensex's -1.30%. This underperformance is consistent with the company's long-term struggles, as it has also lagged behind the BSE500 over the last three years and one year. The overall market sentiment appears to be cautious, particularly given the company's weak fundamentals and the significant drop in profits, which have fallen by 499% over the past year.
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