Why is Vibhor Steel falling/rising?
As of 23-Sep, Vibhor Steel Tubes Ltd's stock price is at 161.60, down 0.09%, with a year-to-date decline of 24.75% and a concerning ROCE of 7.7. The stock has underperformed its sector and the broader market, with a significant drop of 38.18% over the past year.
As of 23-Sep, Vibhor Steel Tubes Ltd is experiencing a slight decline in its stock price, currently at 161.60, reflecting a decrease of 0.15 (-0.09%). The stock has underperformed its sector today by 1.38% and has been on a downward trend for the last two days, accumulating a total decline of 0.74% during this period. Over the past week, the stock has decreased by 0.49%, while it has shown a modest increase of 4.19% over the past month. However, the stock's year-to-date performance is concerning, with a significant drop of 24.75%. The company has a Return on Capital Employed (ROCE) of 7.7, indicating weak long-term fundamental strength, compounded by a high Debt to EBITDA ratio of 4.15 times, which raises concerns about its ability to service debt. Additionally, the stock's profits have fallen by 34% over the past year, contributing to its negative performance.Broader Market Context: In comparison to the benchmark, Vibhor Steel's short-term performance has been less favorable, as it has declined by 0.49% over the past week while the Sensex has only decreased by 0.34%. This underperformance is further highlighted by the stock's significant drop of 38.18% over the past year, contrasting sharply with the broader market's decline of just 3.33%. Despite a rise in investor participation, as indicated by a 2.13% increase in delivery volume, the overall market sentiment remains weak, which is reflected in the stock's continued struggles against both sector and market benchmarks.
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