Why is Symphony falling/rising?
As of 15-Sep, Symphony Ltd. is facing a decline in its stock price, currently at Rs 936.95, reflecting a year-to-date drop of 30.30% and a one-year decrease of 36.77%. The stock is trading near its 52-week low and has underperformed its sector, indicating bearish trends and declining investor interest.
As of 15-Sep, Symphony Ltd. is experiencing a decline in its stock price, currently at Rs 936.95, which reflects a decrease of Rs 8.9 or 0.94%. The stock has underperformed its sector by 1.16% today and is trading close to its 52-week low, just 1.16% away from Rs 926.05. Over the past week, Symphony has seen a return of -0.68%, and its performance has been consistently poor, with a year-to-date decline of 30.30% and a one-year drop of 36.77%. The stock is also trading below all key moving averages, indicating a bearish trend. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 12.44% compared to the five-day average.In the broader market context, Symphony's recent performance contrasts sharply with the Sensex, which has gained 1.24% over the past week and 4.67% year-to-date. This underperformance is compounded by the company's declining financial metrics, including a significant drop in net sales and profits, which have fallen by 24.6% and 41.6%, respectively, compared to previous quarters. Despite having a high return on equity and a low debt-to-equity ratio, the company's poor long-term growth prospects and recent financial results have led to a negative sentiment among investors, contributing to the stock's downward movement.
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