Why is Suven Life Scie. falling/rising?
As of 29-Sep, Suven Life Sciences Ltd's stock price is at 201.75, down 3.63% and has dropped 13.13% over the last five days. Despite a strong year-to-date performance, the company faces significant challenges, including operating losses and a declining profit trend, contributing to its current stock decline.
As of 29-Sep, Suven Life Sciences Ltd is experiencing a decline in its stock price, currently at 201.75, reflecting a decrease of 7.6 points or 3.63%. The stock has underperformed its sector by 3.77% today and has been on a consecutive downward trend for the last five days, resulting in a total drop of 13.13% over that period. The stock opened with a loss of 2.79% today and reached an intraday low of Rs 200, which is a decline of 4.47%. Despite a strong year-to-date performance of 56.82%, the company has faced significant challenges, including operating losses and negative results for the last four consecutive quarters, which have contributed to a weak long-term fundamental strength.In the broader market context, the Sensex has only declined by 2.18% over the past week, indicating that Suven Life Sciences Ltd's short-term performance is significantly worse than the benchmark. While the stock has generated a return of 39.91% over the past year, this is overshadowed by a concerning trend of falling profits, which have decreased by 69%. The company's weak ability to service its debt, highlighted by a poor EBIT to Interest ratio, further exacerbates the risk associated with the stock, leading to its current decline in price.
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