Abhinav Leasing & Finance Hits New 52-Week Low at Rs. 1.11
Abhinav Leasing & Finance, a microcap in the NBFC sector, has hit a new 52-week low, reflecting ongoing challenges. The company has faced significant losses, with a 41.27% decline over the past year. Weak financial metrics, including low Return on Equity and declining net sales, highlight its struggles.
Abhinav Leasing & Finance, a microcap player in the Non-Banking Financial Company (NBFC) sector, has reached a new 52-week low of Rs. 1.11 today, marking a significant downturn for the stock. This decline comes as the company has underperformed its sector by 17%, continuing a trend of consecutive losses over the past two days, during which it has seen a total drop of 17.78%.The stock's performance over the past year has been notably poor, with a decline of 41.27%, contrasting sharply with the Sensex, which has gained 5.35% in the same period. Abhinav Leasing is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained downward trend.
Financial metrics reveal weak long-term fundamentals, with an average Return on Equity (ROE) of just 0.78% and a concerning annual net sales growth rate of -26.04%. The company's net sales for the first nine months stand at Rs. 11.94 crore, reflecting a drastic decline of 69.32%. As the stock continues to struggle, it remains a focal point for market observers.
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