Why is Veeram Securit. falling/rising?
As of 22-Sep, Veeram Securities Ltd's stock price is declining at 8.30, down 1.66%, and has underperformed its sector. Despite a recent outperformance in the short term, its long-term fundamentals and year-to-date performance remain weak, contributing to negative investor sentiment.
As of 22-Sep, Veeram Securities Ltd is experiencing a decline in its stock price, currently at 8.30, reflecting a decrease of 0.14 or 1.66%. The stock has underperformed its sector by 1.26% today and has shown a trend reversal after three consecutive days of gains. Despite being higher than the 5-day and 20-day moving averages, it remains below the 50-day, 100-day, and 200-day moving averages. The stock's performance over the past year has been notably poor, with a return of -19.42%, and it has consistently underperformed against the benchmark over the last three years. Additionally, the company's weak long-term fundamental strength, indicated by a -2.20% CAGR growth in operating profits over the last five years and a poor EBIT to Interest ratio of 0.84, contributes to the negative sentiment surrounding the stock.In the broader market context, while the Sensex has shown a modest gain of 0.46% over the past week, Veeram Securities Ltd has outperformed the benchmark with a 2.85% increase in the same period. However, the stock's year-to-date performance is significantly worse than the benchmark, with a decline of 16.16% compared to the Sensex's gain of 5.15%. The falling investor participation, evidenced by a 52.28% drop in delivery volume against the 5-day average, further indicates a lack of confidence among investors. Despite the company's attractive valuation with a 2.5 Price to Book Value and a PEG ratio of 0.6, the overall sentiment remains negative due to its consistent underperformance and weak profitability metrics.
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