Why is Surana Solar falling/rising?
As of 26-Aug, Surana Solar Ltd's stock price is at 30.85, down 0.39%, and has declined 3.5% over the last four days. The company faces operational challenges, including significant losses and poor profitability, leading to a year-to-date decline of 33.30%, making it a strong sell.
As of 26-Aug, Surana Solar Ltd's stock price is currently at 30.85, reflecting a decrease of 0.12 or 0.39%. The stock has been on a downward trend, having fallen for the last four consecutive days, resulting in a total decline of 3.5% during this period. In terms of performance against benchmarks, the stock has underperformed significantly, with a year-to-date decline of 33.30%, while the Sensex has gained 3.39%. The company is facing operational challenges, including an operating loss and a weak ability to service its debt, which is reflected in its negative EBIT to interest ratio of -0.96. Additionally, the stock's low return on equity of 1.21% indicates poor profitability, contributing to its recent price decline.In the broader market context, Surana Solar's short-term performance has been worse than the benchmark, as it has dropped 1.81% over the past week compared to the Sensex's decline of only 1.05%. Despite a rise in investor participation, with delivery volume increasing by 48.66% against the five-day average, the stock remains liquid but risky due to its negative EBITDA and poor long-term fundamentals. The company's recent negative financial results, including a significant drop in net sales and the lowest recorded PBDIT, further exacerbate its underperformance in both the near and long term, leading to a consensus that the stock is a strong sell.
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