Why is Shree Rama News. falling/rising?
As of 24-Jun, Shree Rama Newsprint Ltd's stock price is declining at 31.04, down 1.27%, and has fallen for 11 consecutive days, totaling a 21.7% drop. Despite a strong year-to-date return of 71.11%, the company faces challenges like negative book value and high debt, contributing to weak long-term fundamentals and disappointing recent financial results.
As of 24-Jun, Shree Rama Newsprint Ltd is experiencing a decline in its stock price, currently at 31.04, which reflects a decrease of 0.4 or 1.27%. The stock has been underperforming significantly, having fallen for the last 11 consecutive days, resulting in a total drop of 21.7% during this period. Additionally, the stock's performance over the past week and month shows declines of 11.67% and 24.29%, respectively, while it has outperformed the market year-to-date with a return of 71.11%. However, the company is facing challenges, including a negative book value and a high debt-to-EBITDA ratio, which contribute to its weak long-term fundamental strength. The recent financial results have also been disappointing, with a significant drop in profit after tax compared to previous quarters.In the broader market context, the stock's short-term performance has been notably worse than the benchmark, as the Sensex has gained 0.58% over the past week, contrasting sharply with Shree Rama's decline. The stock's liquidity appears adequate, but there is a concerning trend of falling investor participation, with delivery volumes dropping by 45.9% against the five-day average. While the stock has shown strong returns over the past year, the recent negative financial indicators and the ongoing decline in price suggest that investor sentiment is currently unfavorable, leading to its downward movement.
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