Why is Suratwwala Busi. falling/rising?
As of 23-Jun, Suratwwala Business Group Ltd's stock price is at 43.61, down 1.98%. The stock has significantly underperformed, with a 11.34% decline over six days and a concerning financial outlook, including negative sales growth and a -65.36% return over the past year.
As of 23-Jun, Suratwwala Business Group Ltd's stock price is currently at 43.61, reflecting a decline of 0.88, or 1.98%. The stock has been underperforming, having lost 11.34% over the last six days and showing a significant drop of 9.54% over the past week. Additionally, the stock's performance today has underperformed its sector by 2.35%. The company's financial health is concerning, with net sales and operating profit declining at annual rates of -24.06% and -27.53%, respectively, over the last five years. Despite a strong ability to service its debt, the stock's valuation appears expensive relative to its return on capital employed (ROCE) of 10.6, and it has generated a staggering -65.36% return over the past year, indicating severe underperformance.In the broader market context, the Sensex has shown a modest gain of 0.12% over the past week and a 4.81% increase year-to-date, contrasting sharply with Suratwwala's negative returns. The stock's performance has been particularly poor compared to the market, which has generated returns of 2.78% over the last year. The lack of interest from domestic mutual funds, holding only 0% of the company, suggests a lack of confidence in the stock's future prospects, further contributing to its declining price. Overall, the combination of poor financial performance, declining investor participation, and significant underperformance relative to the market has led to the stock's recent downward movement.
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