Why is Synoptics Techno falling/rising?
As of 23-Jul, Synoptics Technologies Ltd's stock price is declining at 103.95, down 1.93%, with a concerning year-to-date return of -15.69% and a significant profit drop of 33%. Despite a strong monthly performance of +38.32%, the company's long-term fundamentals and anticipated flat results are raising investor concerns.
As of 23-Jul, Synoptics Technologies Ltd is experiencing a decline in its stock price, currently at 103.95, which reflects a decrease of 2.05 or 1.93%. Despite outperforming its sector today by 4.01%, the stock has shown a negative return of -1.93% over the past week, while it has performed significantly better over the past month with a return of +38.32%. However, the stock's long-term performance remains concerning, with a year-to-date return of -15.69% and a return of -0.34% over the past year. The company's profits have fallen by 33%, indicating potential challenges ahead, despite its attractive valuation with a ROCE of 9.7 and a favorable enterprise value to capital employed ratio.In the broader market context, the Sensex has shown a slight increase of 0.03% over the past week, contrasting with Synoptics' decline. This suggests that while the overall market remains stable, Synoptics is facing specific challenges that are affecting its stock price negatively. The company's weak long-term fundamental strength, highlighted by a -5.20% CAGR growth in net sales over the last five years, further exacerbates investor concerns. Additionally, the flat results anticipated in September 2024 may contribute to a lack of confidence among investors, leading to the current downward trend in the stock price.
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