Why is Sri Lak.Sar.Arni falling/rising?
As of 23-Sep, Sri Lakshmi Saraswathi Textiles (Arni) Ltd's stock price is declining at 38.30, down 1.29%, with weak long-term fundamentals and significant drops in investor participation. The stock has underperformed against its sector and the Sensex over the past year and three years, indicating ongoing financial challenges.
As of 23-Sep, Sri Lakshmi Saraswathi Textiles (Arni) Ltd is experiencing a decline in its stock price, currently at 38.30, reflecting a decrease of 0.5 or 1.29%. The stock has underperformed its sector by 0.67% today, and while it is higher than its 5-day moving averages, it remains below the 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 39.84% compared to the 5-day average. Over the past year, the stock has generated a return of -4.84%, and its long-term fundamentals are weak, characterized by a negative book value, high debt levels, and poor growth metrics, including stagnant net sales and operating profit.In the broader market context, the stock's short-term performance over the past week shows a gain of 0.79%, contrasting with a slight decline of 0.34% in the Sensex. However, the stock has consistently underperformed against the benchmark over the last three years, with a total return of -20.70% compared to a 41.31% gain in the Sensex. This persistent underperformance, coupled with the company's financial struggles, including a negative EBITDA and low debtor turnover ratio, indicates a challenging environment for the stock, contributing to its current downward movement.
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