B N Rathi Securities Hits New 52-Week Low at Rs. 18.88

B N Rathi Securities, a microcap player in the Non-Banking Financial Company (NBFC) sector, has reached a new 52-week low of Rs. 18.88 today, marking a significant decline in its stock performance. This drop comes as the company has reported negative results for three consecutive quarters, with a notable decrease in profit after tax (PAT) of 59.7%, now standing at Rs. 1.45 crore. Additionally, the company's operating cash flow has dipped to its lowest at Rs. -22.63 crore, and net sales have fallen by 15.04% to Rs. 11.58 crore.
Over the past year, B N Rathi Securities has underperformed the broader market, with a staggering decline of 61.24%, contrasting sharply with the Sensex's positive performance of 3.88%. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent downward trend. Despite these challenges, the company maintains a long-term average return on equity (ROE) of 15.21%, suggesting some underlying fundamental strength. However, the stock's valuation remains at a premium compared to its peers, reflecting ongoing market concerns.