Why is Symphony falling/rising?
As of 30-Jul, Symphony Ltd. is priced at 1,137.00, having increased by 0.48% recently. Despite short-term gains, the stock has a year-to-date decline of 15.42% and underperforms in the long term, indicating concerns about its overall trajectory.
As of 30-Jul, Symphony Ltd. is currently priced at 1,137.00, reflecting an increase of 5.4 (0.48%). The stock has been gaining for the last two days, with a total return of 2.23% during this period. Despite this recent uptick, the stock has underperformed over the longer term, with a year-to-date decline of 15.42% and a one-year return of -5.70%. The company has demonstrated high management efficiency with a return on equity (ROE) of 16.86% and a low debt-to-equity ratio, which are positive indicators. However, the stock's performance is tempered by its relatively poor long-term growth, as net sales have only grown at an annual rate of 7.40% over the last five years.In the broader market context, Symphony's short-term performance contrasts with the Sensex, which has declined by 1.50% over the past week. While Symphony has shown a modest gain of 0.57% in the same timeframe, it has still underperformed the benchmark over longer periods, including a 5.71% increase over the past month compared to the Sensex's 2.54% decline. This suggests that while Symphony may be experiencing a temporary rise, its overall trajectory remains concerning, particularly given its historical underperformance relative to broader market indices.
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