Why is Shubham Polyspin falling/rising?
As of 01-Jul, Shubham Polyspin Ltd's stock price is declining at 25.50, down 1.92%, with significant concerns over weak fundamentals and a high Debt to EBITDA ratio. Despite short-term gains, the stock has underperformed its sector and the broader market, indicating ongoing challenges.
As of 01-Jul, Shubham Polyspin Ltd is experiencing a decline in its stock price, currently at 25.50, which reflects a decrease of 0.5 or 1.92%. The stock has underperformed its sector by 1.28% today, despite trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has shown a positive return of 3.36%, and over the last month, it has increased by 24.39%. However, the delivery volume has fallen significantly by 40.47% compared to the 5-day average, indicating a decrease in investor participation. The company has also faced challenges, including a weak long-term fundamental strength with a -196.15% CAGR growth in operating profits over the last five years and a high Debt to EBITDA ratio of 6.82 times, which raises concerns about its ability to service debt.In the broader market context, Shubham Polyspin's recent performance contrasts with the Sensex, which has increased by 2.00% over the past week and 2.76% over the past month. While the stock has shown some short-term gains, its long-term performance remains concerning, with a return of only 1.55% over the past year, coupled with a -12% decline in profits. This combination of weak fundamentals, declining investor interest, and underperformance relative to the benchmark suggests that the stock's recent decline is influenced by both internal company issues and broader market dynamics.
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