Why is Winsome Brew. falling/rising?
As of 24-Sep, Winsome Breweries Ltd's stock price is slightly declining at 31.50, despite recent short-term gains. Long-term performance is concerning with significant year-to-date and one-year declines, weak fundamentals, and reduced investor interest, leading to a perception of the stock as a strong sell.
As of 24-Sep, Winsome Breweries Ltd is experiencing a slight decline in its stock price, currently at 31.50, reflecting a change of -0.01 (-0.03%). The stock has shown a strong performance over the past week and month, with returns of +7.14% and +10.88%, respectively, outperforming the Sensex, which has seen a decline of -1.18% over the same week and a modest gain of +0.50% over the month. However, the stock's long-term performance remains concerning, with a year-to-date decline of -28.02% and a one-year drop of -41.04%. The stock is currently trading above its 5-day, 20-day, and 50-day moving averages but below its 100-day and 200-day moving averages. Additionally, there has been a significant drop in investor participation, with delivery volume falling by -55.21% compared to the 5-day average, indicating waning interest among investors.In the broader market context, while Winsome Breweries has outperformed the sector today, the stock has underperformed the market over the past year, where the BSE500 index recorded a negative return of -5.32%. The company's fundamentals are weak, characterized by operating losses and a poor EBIT to interest ratio of -5.30, which raises concerns about its ability to service debt. Furthermore, the stock is considered risky due to negative EBITDA and a significant decline in profits by -69.6% over the past year. These factors contribute to a perception of the stock as a strong sell, overshadowing its recent short-term gains and leading to the current price decline.
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