Why is Vibhor Steel falling/rising?
As of 18-Sep, Vibhor Steel Tubes Ltd's stock price is Rs 159.85, down 1.17%, and has underperformed significantly over the past year with a return of -37.31%. Weak fundamentals and declining investor confidence contribute to its ongoing struggles in the market.
As of 18-Sep, Vibhor Steel Tubes Ltd is experiencing a decline in its stock price, currently at Rs 159.85, reflecting a decrease of Rs 1.9 or 1.17%. The stock has underperformed its sector by 1.57% today and has been on a consecutive downward trend for the last two days, with a total decline of 1.57% during this period. The stock reached an intraday low of Rs 157.95, indicating a drop of 2.35%. Over the past year, the stock has significantly underperformed, with a return of -37.31%, while the company's profits have also fallen by 34%. The company's weak long-term fundamentals, highlighted by a low Return on Capital Employed (ROCE) of 7.7 and a high Debt to EBITDA ratio of 4.15, contribute to the negative sentiment surrounding the stock.In the broader market context, the stock's short-term performance shows a modest gain of 0.66% over the past week, but this is overshadowed by the Sensex's gain of 1.80% during the same period. Year-to-date, Vibhor Steel has seen a significant decline of 25.56%, contrasting sharply with the Sensex's increase of 6.24%. This stark difference in performance indicates that while the overall market has been recovering, Vibhor Steel continues to struggle, leading to decreased investor confidence and participation, as evidenced by a 35.91% drop in delivery volume compared to the five-day average.
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