First Custodian Fund(I) Ltd Falls to 52-Week Low of Rs.65

Stock Price Movement and Market Context

On 29 Jan 2026, First Custodian Fund(I) Ltd’s stock price hit Rs.65, the lowest level recorded in the past year. This decline comes after two consecutive days of losses, during which the stock fell by a cumulative -4.28%. Today’s performance saw the stock underperform its NBFC sector peers by -0.7%, continuing a trend of relative weakness. The stock’s day change registered a decline of -0.40%.

Technical indicators show the stock trading above its 5-day moving average but remaining below its 20-day, 50-day, 100-day, and 200-day moving averages. This positioning suggests short-term support is present, yet the longer-term trend remains subdued.

In contrast, the broader market displayed mixed signals. The Sensex opened flat with a marginal gain of 24.28 points but subsequently declined by -496.92 points, closing at 81,872.04, down -0.57%. Several indices, including NIFTY PSE, NIFTY CPSE, and NIFTY METAL, reached new 52-week highs, highlighting sectoral divergences within the market. The Sensex itself is trading below its 50-day moving average, although the 50DMA remains above the 200DMA, indicating some underlying market resilience.

Financial Performance and Valuation Metrics

First Custodian Fund(I) Ltd’s financial performance over the past year has been notably weak. The company reported flat results in September 2025, with profits declining by approximately -83% over the last twelve months. This sharp contraction in profitability has weighed heavily on investor sentiment and the stock’s valuation.

The company’s average Return on Equity (ROE) stands at 7.78%, which is considered modest within the NBFC sector. More recently, the ROE has dropped to 2.7, reflecting diminished earnings efficiency. Despite this, the stock trades at a Price to Book Value (P/B) ratio of 0.7, which is fair but still at a premium relative to its peers’ average historical valuations.

Market capitalisation metrics assign the stock a grade of 4, indicating a relatively small market cap within its segment. The company’s Mojo Score, a composite measure of fundamental and technical factors, is 20.0, with a Mojo Grade of Strong Sell as of 21 May 2025, downgraded from Sell. This rating underscores the stock’s challenges in delivering shareholder value.

Comparative Performance and Sectoral Positioning

Over the last twelve months, First Custodian Fund(I) Ltd has delivered a total return of -51.85%, significantly underperforming the Sensex, which posted a positive return of 6.97% during the same period. The broader BSE500 index generated returns of 7.89%, further emphasising the stock’s relative weakness.

The stock’s 52-week high was Rs.172.05, illustrating the steep decline to its current level of Rs.65. This represents a drop of approximately 62.2% from its peak price, reflecting sustained downward pressure.

Within the NBFC sector, the company’s valuation and profitability metrics lag behind many peers, contributing to its subdued market performance. The stock’s premium valuation relative to peer averages suggests that investors may be pricing in risks or uncertainties specific to the company.

Shareholding and Corporate Structure

The majority ownership of First Custodian Fund(I) Ltd rests with its promoters, who maintain significant control over the company’s strategic direction. This concentrated shareholding structure can influence corporate governance dynamics and decision-making processes.

Summary of Key Metrics

To summarise, First Custodian Fund(I) Ltd’s current stock price of Rs.65 marks a 52-week low, reflecting a year-long decline of over 50%. The company’s financial indicators, including a low ROE and sharply reduced profits, have contributed to this trend. Despite a fair Price to Book ratio, the stock trades at a premium relative to peers, which may reflect market caution.

The broader market environment shows mixed signals, with some indices reaching new highs while the Sensex remains below key moving averages. Within this context, First Custodian Fund(I) Ltd’s performance stands out for its relative weakness.

Promoter ownership remains dominant, and the company’s market capitalisation is modest, factors that may influence its market dynamics going forward.

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