Why is Super Spinning falling/rising?
As of 09-Sep, Super Spinning Mills Ltd is currently priced at 9.20, reflecting a 2.22% increase, but it is underperforming the market and has weak long-term fundamentals, including a significant decline in net sales growth and challenges in debt servicing. Despite a recent rise in delivery volume, the stock's valuation appears expensive, leading to a cautious outlook for investors.
As of 09-Sep, Super Spinning Mills Ltd is experiencing a price increase, currently at 9.20, reflecting a rise of 0.2 or 2.22%. Today's price summary indicates that the stock has outperformed its sector by 2.2% and has gained after four consecutive days of decline. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a significant increase in delivery volume by 495.57% compared to the 5-day average, the stock has shown weak long-term fundamental strength, with a -42.93% CAGR growth in net sales over the last five years and a poor EBIT to interest ratio of 0.49, indicating challenges in servicing its debt.In the broader market context, the stock's performance over the past week shows a decline of 6.12%, while the benchmark Sensex has increased by 1.18%. This underperformance highlights the stock's struggles relative to the market. Although the stock has generated a slight return of 0.11% over the past year, it has faced significant challenges, including reported losses and negative return on equity. The company's valuation appears expensive with a ROCE of 4.7, and while it trades at a discount compared to peers, these factors contribute to a cautious outlook for investors.
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