Why is Supreme Engg. falling/rising?
As of 23-Jun, Supreme Engineering Ltd's stock price is at 1.86, down 5.1%, and has underperformed its sector. The stock shows a bearish trend with significant declines over the past week and month, compounded by weak fundamentals and negative investor sentiment.
As of 23-Jun, Supreme Engineering Ltd's stock price is currently at 1.86, reflecting a decrease of 0.1, or 5.1%. The stock has underperformed its sector today by 5.29%, and it has not traded on 4 out of the last 20 days, indicating erratic trading behavior. Furthermore, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. Over the past week, the stock has declined by 5.10%, and it has experienced a significant drop of 12.68% over the past month. Despite a positive return of 32.86% over the last year, the company's long-term fundamentals are weak, with negative book value, high debt, and a history of losses over the last five quarters, which negatively impacts investor sentiment.In the broader market context, the Sensex has shown a slight increase of 0.10% over the past week, contrasting with Supreme Engineering's decline. While the stock has outperformed the market over the past year, the recent performance indicates a troubling trend, especially given the company's negative net sales growth and poor operating profit margins. The high percentage of pledged promoter shares, which has increased recently, adds further risk and downward pressure on the stock price in a falling market. Overall, the combination of weak financial performance, high debt levels, and negative investor sentiment contributes to the stock's current decline.
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