Why is Suumaya Indust. falling/rising?
As of 22-Sep, Suumaya Industries Ltd is priced at 1.97, down 1.99% today, and has significantly underperformed its sector and the benchmark over the past year. The stock shows a bearish trend with a year-to-date decline of 53.86% and weak financials, making it a risky investment.
As of 22-Sep, Suumaya Industries Ltd is currently priced at 1.97, reflecting a decrease of 0.04, or 1.99%. The stock has underperformed its sector by 1.28% today and has shown erratic trading patterns, not trading on 4 out of the last 20 days. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past week, the stock has declined by 1.99%, and its year-to-date performance shows a significant drop of 53.86%. The company has not declared results in the last six months, and its recent financials reveal a net profit decline of 210.58% and a staggering 94.92% fall in net sales, contributing to its weak long-term fundamental strength and overall negative sentiment surrounding the stock.In the broader market context, the stock's performance has been notably poor compared to the benchmark, with a 1-month return of -7.08% against the Sensex's gain of 1.34%. Over the last year, Suumaya Industries has generated a return of -60.28%, while the benchmark has only declined by 2.28%. This consistent underperformance over the past three years, coupled with the company's significant losses and lack of recent financial disclosures, positions the stock as a risky investment, further exacerbating its downward price movement.
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