Why is Shiva Cement falling/rising?
As of 30-Jun, Shiva Cement Ltd's stock price is at 34.57, down 0.83%. The company faces significant challenges, including high debt and negative financial results, leading to a year-to-date decline of 12.70% and a one-year return of -30.32%.
As of 30-Jun, Shiva Cement Ltd's stock price is currently at 34.57, reflecting a decrease of 0.29, or 0.83%. The stock has been underperforming, having lost 0.95% over the last two days and showing a performance today that is 0.36% lower than its sector. Despite a positive return of 7.63% over the past week and 13.83% over the past month, the stock has struggled significantly year-to-date with a decline of 12.70% and a one-year return of -30.32%. The company is facing challenges due to high debt levels, with a Debt-Equity Ratio of 13.65 times, and negative financial results, including a significant drop in net sales and profits. The lack of domestic mutual fund investment further indicates a lack of confidence in the company's prospects.In the broader market context, while the Sensex has increased by 2.09% over the past week and 2.65% over the past month, Shiva Cement's short-term performance has outpaced the benchmark. However, the stock's long-term underperformance is notable, with a consistent decline over the past three years compared to the BSE 500, which has risen by 57.69%. This consistent underperformance, coupled with the company's weak fundamentals and negative EBITDA, contributes to the stock's current downward trajectory.
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