B N Rathi Securities Hits New 52-Week Low at Rs. 18.35

B N Rathi Securities, a microcap player in the Non-Banking Financial Company (NBFC) sector, has reached a new 52-week low of Rs. 18.35 today, marking a significant downturn for the stock. This decline comes as the company has faced a challenging year, with its stock price plummeting by 57.52% over the past year, in stark contrast to the Sensex, which has gained 5.66% during the same period.
The stock has underperformed its sector, falling by 0.68% today alone, and has experienced a consecutive decline over the last four days, resulting in a total drop of 3.72%. B N Rathi Securities is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent downward trend.

Financial results have also been concerning, with the company reporting negative results for the last three consecutive quarters. Key metrics show a significant decline in profit after tax and operating cash flow, alongside a drop in net sales. Despite these challenges, the company maintains a long-term fundamental strength with a return on equity of 15.21%.