Why is Suumaya Indust. falling/rising?
As of 10-Nov, Suumaya Industries Ltd's stock price is Rs 1.72, down 1.71%, with a year-to-date decline of -59.72%. The company has weak fundamentals, has not declared results in six months, and is classified as a strong sell due to significant underperformance against market benchmarks.
As of 10-Nov, Suumaya Industries Ltd is experiencing a decline in its stock price, currently at Rs 1.72, which reflects a decrease of Rs 0.03 or 1.71%. The stock has underperformed significantly, with a 1-week return of -1.71% and a staggering year-to-date decline of -59.72%. Today's performance indicates that it is trading close to its 52-week low, just 4.65% above Rs 1.64. The stock has also shown erratic trading patterns, not trading on 4 out of the last 20 days, and is currently below all key moving averages. The company's long-term fundamentals appear weak, as it has not declared results in the last six months, and recent financials show a net profit decline of -210.58% and a net sales drop of -94.92%, contributing to its classification as a strong sell.In the broader market context, Suumaya Industries has consistently underperformed against the benchmark, with a 1-year return of -60.00% compared to the Sensex's positive return of 5.91%. This underperformance is evident over multiple periods, including a -96.17% return over three years, while the benchmark has gained 41.86%. The lack of recent financial disclosures and the significant drop in profits further exacerbate the stock's risk profile, making it less attractive to investors compared to the overall market.
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