Why is Shiva Cement falling/rising?
As of 10-Jul, Shiva Cement Ltd's stock price is at 41.25, having increased by 1.08% recently. Despite strong short-term gains, the company faces significant challenges such as high debt and negative operating profit, which may deter long-term investors.
As of 10-Jul, Shiva Cement Ltd's stock price is currently at 41.25, reflecting an increase of 0.44 or 1.08%. The stock has shown a strong performance recently, gaining 17.25% over the last four days and outperforming its sector by 1.66% today. Additionally, it has performed well over the past week and month, with returns of +16.23% and +36.18%, respectively. However, despite these short-term gains, the company faces significant challenges, including a high debt-to-equity ratio of 13.65, negative operating profit, and a history of underperformance against benchmarks over the past three years. These factors contribute to a perception of risk, which may temper enthusiasm despite the recent price increase.In the broader market context, while Shiva Cement's short-term performance has been strong, the benchmark Sensex has remained relatively flat with a change of -0.06% over the past week. This indicates that the stock's rise is not reflective of broader market trends. Furthermore, the company's long-term fundamentals are weak, with a significant decline in profits and sales, which could deter long-term investors. The lack of domestic mutual fund investment suggests a lack of confidence in the company's future prospects, despite its recent price movements.
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