Why is Spencer's Retail falling/rising?
As of 19-Sep, Spencer's Retail Ltd's stock price is at 57.00, down 0.44%, and has declined 2.56% over the last three days. The stock significantly underperforms its sector and the benchmark Sensex, with a year-to-date return of -46.85%, driven by weak fundamentals and negative investor sentiment.
As of 19-Sep, Spencer's Retail Ltd is experiencing a decline in its stock price, currently at 57.00, which reflects a decrease of 0.25 or 0.44%. The stock has underperformed its sector by 0.83% today and has been on a consecutive downward trend for the last three days, resulting in a total decline of 2.56% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past year, Spencer's Retail has generated a return of -46.85%, significantly underperforming the benchmark Sensex, which has seen a slight decline of 0.67%. The company's negative book value and weak long-term fundamentals, highlighted by a staggering annual operating profit decline of 350.95% over the last five years, contribute to the stock's poor performance.In the broader market context, while the Sensex has gained 0.88% over the past week, Spencer's Retail has seen a minimal decline of 0.05%, indicating a stark contrast in performance. The stock's liquidity appears adequate, with a delivery volume increase of 47.27% against the 5-day average, yet this does not offset the negative sentiment surrounding the company. Institutional investors have reduced their stakes by 1.19%, reflecting a lack of confidence in the company's prospects. The negative EBITDA and high debt-to-equity ratio further exacerbate the risks associated with the stock, leading to its continued decline in value.
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