Why is Shiva Texyarn falling/rising?
As of 23-Sep, Shiva Texyarn Ltd's stock price is at 184.24, down 2.54%, and has underperformed its sector. Despite positive quarterly results, the stock has a year-to-date decline of 17.61%, reflecting long-term growth concerns and decreased investor participation.
As of 23-Sep, Shiva Texyarn Ltd's stock price is currently at 184.24, reflecting a decrease of 4.81 points or 2.54%. Today's performance indicates that the stock has underperformed its sector by 1.92%. The stock is trading higher than its 20-day moving averages but lower than the 5-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a notable decline in investor participation, with delivery volume dropping by 44.49% compared to the 5-day average. Despite the company declaring positive results for the last four consecutive quarters, including a 28.13% growth in net sales and a 32.97% increase in profit after tax, the stock has seen a year-to-date decline of 17.61%. The company's weak long-term fundamental strength, indicated by a low average return on capital employed and high debt-to-EBITDA ratio, may also be contributing to the stock's downward movement.In the broader market context, the stock has shown a modest short-term return of 1.04% over the past week, while the benchmark Sensex has decreased by 0.28%. This suggests that, although Shiva Texyarn has outperformed the benchmark in the short term, the overall negative sentiment surrounding the stock, driven by its long-term growth concerns and liquidity issues, may overshadow its recent positive performance. The stock's performance over the last year has been relatively flat, with a return of -1.23%, compared to a 6.45% increase in the benchmark year-to-date, further indicating that the stock is struggling to maintain investor confidence amidst broader market trends.
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