Why is Vibhor Steel falling/rising?
As of 24-Sep, Vibhor Steel Tubes Ltd's stock price is declining at 159.65, down 1.21%, with a significant annual loss of 42.13% and low ROCE of 7.7%. The stock's poor performance is compounded by high debt levels and decreasing investor confidence, reflected in a 28.35% drop in delivery volume.
As of 24-Sep, Vibhor Steel Tubes Ltd is experiencing a decline in its stock price, currently at 159.65, which reflects a decrease of 1.95 or 1.21%. The stock has underperformed its sector by 1.08% today and has been on a downward trend for the last three days, accumulating a total loss of 1.93% during this period. Over the past year, the stock has generated a significant negative return of 42.13%, while its profits have also fallen by 34%. The company's Return on Capital Employed (ROCE) is relatively low at 7.7%, indicating weak long-term fundamental strength, and it has a high Debt to EBITDA ratio of 4.15 times, which raises concerns about its ability to service debt.In the broader market context, Vibhor Steel's short-term performance has been slightly worse than the benchmark, with a 1-week return of -1.30% compared to the Sensex's -1.18%. Despite a positive return of 2.93% over the last month, the stock's year-to-date performance is notably poor at -25.66%, contrasting sharply with the Sensex's gain of 4.58%. The falling investor participation, as evidenced by a 28.35% drop in delivery volume, further underscores the lack of confidence in the stock, contributing to its recent price decline.
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