Why is Symphony falling/rising?
As of 12-Aug, Symphony Ltd. is facing a decline in its stock price, currently at Rs 958.55, with significant drops in both short-term and long-term performance, including a year-to-date return of -28.69%. The company has experienced a substantial decrease in profits and investor participation, contributing to a negative outlook.
As of 12-Aug, Symphony Ltd. is experiencing a decline in its stock price, currently at Rs 958.55, which represents a decrease of 6.6 points or 0.68%. The stock has shown poor performance, with a 1-week return of -6.22% and a 1-month return of -16.58%. It is also trading close to its 52-week low, just 2.03% above Rs 939.1. Today's performance indicates that it has outperformed its sector by 0.5%, but it is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 34.69% compared to the 5-day average. The company has a high management efficiency with a return on equity (ROE) of 16.86% and a low debt-to-equity ratio, but it has faced challenges with a significant decline in profits, which have fallen by 44.9% over the past year.In the broader market context, Symphony's performance has been notably weaker than the benchmark, with a year-to-date return of -28.69% compared to the Sensex's gain of 2.68%. This underperformance is further highlighted by the stock's returns over the past year, which have decreased by 41.54%, while the Sensex has only increased by 0.74%. The company's net sales and profit before tax have also seen substantial declines, contributing to a negative outlook for both short-term and long-term growth. Overall, Symphony's recent stock price movement reflects a combination of poor financial performance and declining investor interest, leading to its current downward trend.
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