Why is Surana Solar falling/rising?
As of 14-Aug, Surana Solar Ltd's stock price is at 31.78, down 0.59%, following a trend reversal after three days of gains. The company faces significant challenges, including operating losses and declining investor interest, leading to its classification as a strong sell.
As of 14-Aug, Surana Solar Ltd's stock price is currently at 31.78, reflecting a decrease of 0.19, or 0.59%. The stock has recently experienced a trend reversal, falling after three consecutive days of gains. In terms of performance, the stock has shown a 2.88% increase over the past week, while it has declined by 5.73% over the last month. The stock's delivery volume has also decreased by 9.98% compared to the five-day average, indicating falling investor participation. Additionally, the company is facing significant challenges, including operating losses and a weak ability to service its debt, which contributes to its classification as a strong sell. The negative financial results reported for June, including a decline in net sales and the lowest recorded PBDIT and PBT, further exacerbate the stock's poor performance.In the broader market context, while Surana Solar's recent weekly return of 2.88% outperformed the Sensex, which remained nearly flat at -0.03%, the stock has underperformed significantly over longer periods, including a year-to-date decline of 31.29% compared to the Sensex's gain of 3.15%. This underperformance is compounded by the company's low profitability, as indicated by a return on equity of only 1.21%. Overall, the combination of weak fundamentals, declining investor interest, and poor long-term performance relative to the benchmark suggests a challenging environment for Surana Solar Ltd.
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