Why is Shiva Cement falling/rising?
As of 23-Sep, Shiva Cement Ltd's stock price is at 28.95, down 0.75%, and has declined 3.44% over the last five days. The stock is underperforming with high debt and negative financial results, indicating weak long-term growth prospects.
As of 23-Sep, Shiva Cement Ltd's stock price is currently at 28.95, reflecting a decrease of 0.22, or 0.75%. The stock has been on a downward trend, having fallen consecutively for the last five days, resulting in a total decline of 3.44% over that period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating weak performance. Despite a rise in delivery volume by 77.08% against the 5-day average, the company's fundamentals are concerning, with a high debt-equity ratio of 13.65 times and negative EBITDA. The stock has underperformed significantly over the past year, generating a return of -41.67%, while net sales and profits have also declined sharply.In the broader market context, the Sensex has shown a slight decline of 0.34% over the past week, which is less severe than Shiva Cement's 3.44% drop, indicating that the stock is underperforming relative to the benchmark. The company's long-term growth prospects appear weak, with poor sales growth and a lack of domestic mutual fund investment, suggesting a lack of confidence in its future performance. Overall, the combination of high debt, consistent underperformance against the benchmark, and negative financial results contributes to the stock's current downward trajectory.
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