Why is Shree Rama News. falling/rising?
As of 11-Sep, Shree Rama Newsprint Ltd's stock price is 30.98, up 2.08% today, with a year-to-date return of 70.78%. Despite recent gains, the company faces challenges such as a negative book value and high debt levels, raising concerns about its long-term financial health.
As of 11-Sep, Shree Rama Newsprint Ltd is experiencing a price increase, with its current price at 30.98, reflecting a rise of 0.63 or 2.08%. The stock has outperformed its sector today by 1.9% and has shown consecutive gains over the last two days, accumulating a total return of 2.92% in this period. Despite a decline of 6.12% over the past month, the stock has demonstrated strong performance year-to-date with a return of 70.78%. However, the company faces 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 per unit of shareholders' funds.In the broader market context, the stock's short-term performance of +2.41% over the past week significantly outpaces the Sensex, which has only gained 1.03% in the same timeframe. While the stock has generated a remarkable 41.53% return over the past year compared to the BSE500's negative return of -2.29%, its recent financial results have raised concerns, with significant losses reported in the last quarter. The falling investor participation, indicated by a slight decrease in delivery volume, suggests caution among investors despite the stock's recent gains.
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