Why is Shree Rama News. falling/rising?
As of 23-Jun, Shree Rama Newsprint Ltd's stock price is Rs 31.44, down 4.99% and has declined 20.69% over the last 10 days. Despite a strong long-term return of 61.73% in the past year, the stock faces challenges such as a negative book value and high Debt to EBITDA ratio, indicating weak fundamentals and low profitability.
As of 23-Jun, Shree Rama Newsprint Ltd's stock price is currently at Rs 31.44, reflecting a decrease of Rs 1.65 or 4.99%. The stock has been on a downward trend, having underperformed its sector by 4.25% today and experiencing a consecutive fall for the last 10 days, resulting in a total decline of 20.69% during this period. Additionally, the stock opened with a loss of 4.99% and has not fluctuated from this price point throughout the trading day. Despite a strong performance over the long term, with a 61.73% return in the past year, the company faces significant challenges, including a negative book value and a high Debt to EBITDA ratio of 26.58 times, indicating weak long-term fundamental strength and low profitability.In the broader market context, the Sensex has shown a slight increase of 0.12% over the past week, contrasting sharply with Shree Rama Newsprint's 12.30% decline during the same period. This stark difference highlights the stock's underperformance relative to the benchmark. While the company has historically outperformed the BSE 500 over longer periods, the recent negative trends in investor participation and liquidity, along with disappointing quarterly results, suggest a growing concern among investors, contributing to the stock's current decline.
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