Why is Ujaas Energy falling/rising?
As of 23-Jun, Ujaas Energy Ltd's stock price is 335.90, down 4.99%, and has underperformed its sector. Despite a strong long-term increase of 205.89% over the past year, the company faces significant challenges, including a 77.1% drop in profits and concerns over its ability to service debt.
As of 23-Jun, Ujaas Energy Ltd's stock price is currently at 335.90, reflecting a decrease of 17.65, or 4.99%. The stock has underperformed its sector today, with a performance drop of 10.77%. It opened with a loss of 4.99% and has not traded above this price throughout the day. Over the past week, the stock has declined by 4.99%, although it has shown a strong performance in the longer term, with a 205.89% increase over the past year. However, the company faces significant challenges, including a weak long-term fundamental strength indicated by a 0% average Return on Capital Employed (ROCE) and a high Debt to EBITDA ratio, which raises concerns about its ability to service debt. Additionally, the company's profits have fallen by 77.1% over the past year, contributing to its recent price decline.In the broader market context, the stock's short-term performance has lagged behind the Sensex, which has increased by 0.12% over the past week. Despite Ujaas Energy's impressive long-term returns, the current market sentiment appears to be cautious, as evidenced by the lack of investor participation, with delivery volume plummeting by 98.39% against the 5-day average. The renewable energy sector has seen a gain of 5.76%, yet Ujaas Energy's stock has not benefited from this trend, suggesting that investors may be wary of its underlying fundamentals despite its historical performance.
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