Why is Swan Energy falling/rising?
As of 28-Jul, Swan Energy Ltd. is facing a decline in its stock price, currently at Rs 467.00, down 1.39%. The company has shown weak financial performance with a year-to-date return of -35.14% and significant challenges in servicing its debt.
As of 28-Jul, Swan Energy Ltd. is experiencing a decline in its stock price, currently at Rs 467.00, down by Rs 6.6 or 1.39%. The stock has been underperforming, having lost 9.3% over the last four days, and it underperformed its sector by 0.5% today. The stock's performance over the past week shows a decrease of 7.72%, while it has a year-to-date return of -35.14%. The company's financials indicate weak long-term fundamental strength, with a significant decline in operating profits and a high Debt to EBITDA ratio, which suggests challenges in servicing its debt. Additionally, the company reported flat results for the quarter ending March 25, with net sales and profits falling sharply.In the broader market context, the Sensex has only declined by 1.59% over the past week, indicating that Swan Energy's drop is more pronounced than the overall market trend. Despite a positive return of 4.02% over the past month, the stock's long-term performance remains concerning, with a year-over-year return of -36.07%, significantly worse than the market's decline of 0.54%. The high institutional holdings at 22.59% may provide some support, but the overall negative sentiment surrounding the company's financial health and recent performance has contributed to its current downward trajectory.
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