First Custodian Fund(I) Ltd Falls to 52-Week Low Amid Continued Downtrend

Stock Performance and Market Context

On 27 Jan 2026, First Custodian Fund(I) Ltd, a Non Banking Financial Company (NBFC), recorded an intraday low of Rs.67, representing a 2.77% drop on the day and a 2.48% decline in the closing price. This new low comes after the stock has consecutively fallen over the past two sessions, accumulating a negative return of 7.09% during this period. The stock’s underperformance is further highlighted by its lagging behind the NBFC sector by 2.61% on the same day.

The broader market, represented by the Sensex, experienced a recovery after a negative start, closing 0.35% higher at 81,821.38 points. Despite this positive momentum in the mega-cap dominated index, First Custodian Fund(I) Ltd’s shares continued to trade below all key moving averages — including the 5-day, 20-day, 50-day, 100-day, and 200-day averages — signalling sustained downward pressure.

Long-Term Price and Performance Trends

Over the past year, the stock has sharply underperformed the market benchmark. While the Sensex delivered a positive return of 8.57% over the same period, First Custodian Fund(I) Ltd’s share price has declined by 56.92%. The stock’s 52-week high was Rs.172.05, underscoring the magnitude of the recent decline. This steep fall reflects a challenging environment for the company within the NBFC sector, which itself has seen some indices such as NIFTY MEDIA and NIFTY REALTY hit new 52-week lows on the same day.

Financial Metrics and Valuation

First Custodian Fund(I) Ltd’s financial indicators reflect subdued performance. The company’s average Return on Equity (ROE) stands at 7.78%, which is considered weak for long-term fundamental strength in the NBFC sector. The most recent quarterly results for September 2025 were flat, indicating no significant improvement in earnings.

Profitability has notably deteriorated, with profits falling by 83% over the past year. Despite this, the stock trades at a Price to Book Value (P/B) ratio of 0.7, suggesting a fair valuation relative to its book value. However, this valuation is at a premium compared to the average historical valuations of its peers, which may reflect market caution or other company-specific factors.

Shareholding and Market Sentiment

The majority shareholding remains with the promoters, indicating concentrated ownership. The stock’s Mojo Score is 20.0, with a Mojo Grade of Strong Sell as of 21 May 2025, an upgrade from the previous Sell rating. This grading reflects the assessment of the company’s financial health, market performance, and valuation metrics, signalling continued caution among market analysts.

Sector and Market Dynamics

The NBFC sector has faced headwinds in recent months, with several sectoral indices hitting 52-week lows. While the broader market has shown resilience, led by mega-cap stocks, smaller and mid-cap NBFCs like First Custodian Fund(I) Ltd have struggled to maintain momentum. The stock’s persistent trading below all major moving averages indicates a lack of upward price momentum and reflects investor caution.

In comparison, the Sensex’s 50-day moving average remains above its 200-day moving average, signalling a generally positive medium-term market trend. However, this has not translated into gains for First Custodian Fund(I) Ltd, which continues to face downward pressure.

Summary of Key Data Points

To summarise, First Custodian Fund(I) Ltd’s stock has:

• Declined to a 52-week low of Rs.67 on 27 Jan 2026
• Fallen 2.48% on the day and 7.09% over the last two trading sessions
• Underperformed the NBFC sector by 2.61% on the same day
• Delivered a negative 56.92% return over the past year versus Sensex’s positive 8.57%
• Reported flat quarterly results in September 2025
• Experienced an 83% decline in profits over the last year
• Maintains a Mojo Grade of Strong Sell with a score of 20.0
• Trades below all key moving averages, indicating sustained bearish momentum

These factors collectively illustrate the challenges faced by First Custodian Fund(I) Ltd in the current market environment and its relative underperformance within the NBFC sector.

Upgrade at special rates, valid only for the next few days. Claim Your Special Rate →