Why is Shiva Texyarn falling/rising?
As of 27-Jun, Shiva Texyarn Ltd's stock price is Rs 201.30, down 2.38%, and has underperformed its sector. Despite a strong annual return of 15.09%, recent trading shows negative short-term trends and declining investor participation, raising concerns about long-term fundamentals.
As of 27-Jun, Shiva Texyarn Ltd's stock price is currently at Rs 201.30, reflecting a decrease of Rs 4.9 or 2.38%. The stock has underperformed its sector today by 3.11%, and it has not traded on one day out of the last 20 days, indicating erratic trading behavior. The stock has touched an intraday low of Rs 201.30 and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant decline in investor participation, with delivery volume falling by 31.99% compared to the 5-day average. Despite a strong performance over the past year, with a return of 15.09%, the stock has shown a negative trend in the short term, with a 1-week return of -1.80% and a 1-month return of -3.64%.In the broader market context, the Sensex has increased by 2.00% over the past week and 3.07% over the past month, contrasting with Shiva Texyarn's declining performance. While the company has reported positive results in the last three consecutive quarters, including a 21.5% growth in net sales and a significant increase in profits, it faces long-term challenges such as a -2.60% CAGR growth in net sales over the last five years and a high Debt to EBITDA ratio of 7.46 times. These factors contribute to a perception of weak long-term fundamental strength, which may be influencing the stock's recent downward movement despite its historical performance and fair valuation compared to peers.
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