Why is Veer Energy falling/rising?
As of 22-Sep, Veer Energy & Infrastructure Ltd's stock price is 16.71, with a slight increase of 0.48%. Despite recent gains, the stock has significantly underperformed its sector and has a year-to-date decline of 30.64%, reflecting ongoing financial challenges.
As of 22-Sep, Veer Energy & Infrastructure Ltd's stock price is currently at 16.71, reflecting a slight increase of 0.08 or 0.48%. The stock has been gaining over the past two days, with a total return of 0.78% during this period. However, it has underperformed its sector by 3.57% today. In terms of longer-term performance, the stock has seen a significant decline, with a year-to-date drop of 30.64% and a one-year return of -32.89%. The company is facing challenges, including operating losses and a weak ability to service its debt, which contributes to its negative return on capital employed (ROCE) and overall weak long-term fundamental strength.In the broader market context, the Sensex has increased by 0.46% over the past week, while Veer Energy's performance has remained flat during the same period. Although the power generation and distribution sector has gained by 4.05%, Veer Energy's performance has lagged behind, indicating a struggle to keep pace with market trends. The stock's liquidity appears adequate, but the overall negative sentiment surrounding its financial health, including reported losses and a poor EBIT to interest ratio, suggests that investors remain cautious.
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