Coral India Finance & Housing Faces Deteriorating Financial Outlook Amid Declining Sales

Coral India Finance & Housing has recently undergone an adjustment in its evaluation, reflecting a shift in its technical outlook. The stock's technical indicators have shown a transition from a mildly bearish stance to a more bearish position. Key metrics such as the MACD and KST are currently indicating bearish trends on both weekly and monthly bases, while the Bollinger Bands also suggest a mildly bearish sentiment.
In terms of performance, Coral India Finance & Housing has faced challenges, particularly in the most recent quarter, with net sales declining significantly. The company reported a net sales figure of Rs 7.63 crore, which represents a notable decrease over the last six months. Additionally, profit before tax and profit after tax have also shown declines, contributing to a weaker financial outlook.

Despite a long-term return of 125.56% over five years, the stock has underperformed against the benchmark indices in recent periods, including a return of -19.22% over the past year. The company's average return on equity stands at 10.78%, indicating limited fundamental strength.

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