Why is Shiva Cement falling/rising?
As of 01-Aug, Shiva Cement Ltd's stock price is 37.18, reflecting a decline of 0.85%. The company faces significant long-term challenges, including a 28.15% drop over the past year, high debt levels, and negative investor sentiment, contributing to its recent underperformance.
As of 01-Aug, Shiva Cement Ltd is experiencing a decline in its stock price, currently at 37.18, which reflects a decrease of 0.32 or 0.85%. The stock has underperformed its sector by 0.52% today and has been on a downward trend for the last three days, resulting in a total decline of 2.39% during this period. Over the past week, the stock has decreased by 2.54%, while it has shown a modest increase of 6.53% over the past month. However, the stock's long-term performance is concerning, with a significant drop of 28.15% over the past year and a negative EBITDA, indicating poor financial health. The company's high debt levels, with a debt-equity ratio of 13.65 times, coupled with flat net sales and a substantial loss in profits, further contribute to its weak long-term fundamentals.In the broader market context, the Sensex has decreased by 1.06% over the past week, suggesting that while the market is also facing challenges, Shiva Cement's decline is more pronounced. The stock's performance has consistently lagged behind the benchmark, underperforming the BSE500 over the last three years. Additionally, the lack of investment from domestic mutual funds, which hold 0% of the company, may indicate a lack of confidence in its future prospects. Overall, the combination of high debt, poor sales growth, and negative investor sentiment has led to the stock's recent decline.
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