Why is Symphony falling/rising?
As of 19-Nov, Symphony Ltd. is facing a decline in its stock price, currently at Rs 868.00, down 0.53% and close to its 52-week low. The company has reported poor growth metrics and consecutive negative quarterly results, leading to a significant drop in profitability and investor confidence.
As of 19-Nov, Symphony Ltd. is experiencing a decline in its stock price, currently at Rs 868.00, which reflects a decrease of Rs 4.6 or 0.53%. The stock has been underperforming, having fallen consecutively for the last six days, resulting in a total decline of 3.9% during this period. It is also trading close to its 52-week low, just 0.46% away from Rs 864.05. Despite outperforming its sector by 0.33% today, the stock is trading below all its moving averages, indicating a bearish trend. The company has reported poor long-term growth metrics, with net sales and operating profit growth rates of only 3.24% and 7.68%, respectively, over the last five years. Additionally, the company has declared negative results for the last two consecutive quarters, contributing to a significant drop in profitability.Broader market context is not available for comparison against benchmark returns. However, the stock's recent performance has been negatively impacted by a substantial decline in operating profit of 21.28% and a 45.5% fall in profit before tax compared to the previous four-quarter average. The stock's valuation appears expensive with a price-to-book value of 7.6, which is higher than its peers, and it has generated a return of -37.76% over the past year, indicating a significant underperformance relative to the broader market. This combination of factors, including declining profitability and poor growth prospects, has led to a lack of investor confidence, contributing to the stock's current downward trajectory.
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