Why is Shiva Texyarn falling/rising?
As of 01-Jul, Shiva Texyarn Ltd's stock price is Rs 199.00, down 7.01%, and underperforming its sector. Despite recent positive results, the stock shows a bearish trend with declining investor participation and weak long-term fundamentals.
As of 01-Jul, Shiva Texyarn Ltd's stock price is currently at Rs 199.00, reflecting a decline of Rs 15.0 or 7.01%. Today's performance indicates that the stock opened with a loss of 3.27% and reached an intraday low of Rs 199, underperforming its sector by 6.37%. The stock has been trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 46.22% compared to the 5-day average. Despite the company reporting positive results over the last three quarters, including a 21.5% growth in net sales and a 206.3% increase in profits over the past year, the long-term fundamentals are weak. The company has a negative CAGR growth in net sales over the last five years and a high Debt to EBITDA ratio, which raises concerns about its financial health.In the broader market context, Shiva Texyarn's performance has lagged behind the benchmark Sensex, which has gained 2.00% over the past week while the stock has declined by 1.99%. This trend continues over the past month, with the stock down 8.32% compared to the Sensex's 2.76% increase. The disparity in performance highlights the stock's struggles relative to the overall market, further contributing to investor sentiment that may be driving the stock's decline.
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