Garnet International Falls to 52-Week Low of Rs.69.2 Amid Market Underperformance

Stock Price Movement and Market Context

On 24 Nov 2025, Garnet International's share price touched an intraday low of Rs.69.2, representing a 7.79% drop within the trading session. This decline contributed to a two-day consecutive fall, with the stock losing 4.53% over this period. The day’s overall change registered a decrease of 2.80%, underperforming its sector by 3.25% on the same day.

The stock is currently trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating sustained downward pressure. This technical positioning reflects a persistent weakness relative to short, medium, and long-term price trends.

In contrast, the broader market has shown resilience. The Sensex opened 88.12 points higher and was trading at 85,466.86, up 0.28% on the day. The index is also nearing its 52-week high of 85,801.70, just 0.39% away, supported by mega-cap stocks leading the gains. The Sensex has recorded a 2.7% rise over the past three weeks, trading above its 50-day moving average, which itself is positioned above the 200-day moving average, signalling a bullish trend.

Long-Term Performance and Valuation Metrics

Over the past year, Garnet International has recorded a negative return of 42.56%, a stark contrast to the Sensex’s positive 7.97% performance during the same period. The stock’s 52-week high was Rs.181, highlighting the extent of the decline to the current low of Rs.69.2.

The company’s long-term financial indicators reveal subdued growth. Net sales have shown an annual rate of decline of 7.76%, while the average Return on Equity (ROE) stands at 4.73%, reflecting limited profitability relative to shareholder equity. These factors contribute to the stock’s subdued market valuation and price performance.

Additionally, promoter shareholding dynamics have added pressure. Approximately 25.53% of promoter shares are pledged, with this proportion increasing by 14% over the last quarter. In volatile or falling markets, a high level of pledged shares can exert additional downward pressure on stock prices due to potential forced selling or market sentiment concerns.

Despite the overall negative price trend, the company reported positive quarterly results in September 2025. The Profit Before Depreciation, Interest, and Taxes (PBDIT) reached Rs.1.76 crore, the Profit Before Tax excluding other income (PBT less OI) was Rs.2.80 crore, and the Profit After Tax (PAT) stood at Rs.2.81 crore, all representing the highest quarterly figures recorded recently.

Valuation and Profitability Insights

Garnet International’s ROE for the recent quarter was 10.3%, with a Price to Book Value ratio of 3.5. This valuation is considered fair relative to its peers, with the stock trading at a discount compared to average historical valuations within the sector. Over the past year, while the stock price has declined by 42.56%, the company’s profits have risen by 13.5%, resulting in a Price/Earnings to Growth (PEG) ratio of 2.6.

These figures suggest a divergence between the company’s earnings trajectory and its stock price movement, highlighting the complex factors influencing investor sentiment and market valuation.

Sector and Industry Positioning

Garnet International operates within the Non Banking Financial Company (NBFC) sector, which has experienced varied performance across different market cycles. While the broader NBFC sector has seen some recovery and growth, Garnet International’s stock has not mirrored this trend, reflecting company-specific factors and market perceptions.

The stock’s market capitalisation grade is noted as 4, indicating its relative size and liquidity within the market. This positioning may influence trading volumes and price volatility, especially in comparison to larger-cap peers within the NBFC space.

Overall, the stock’s recent price action and valuation metrics underscore the challenges faced in aligning market valuation with the company’s financial fundamentals and sector dynamics.

Summary of Key Price and Performance Data

To summarise, Garnet International’s stock has:

• Reached a new 52-week low of Rs.69.2 on 24 Nov 2025


• Recorded a two-day consecutive decline totalling 4.53%


• Underperformed its sector by 3.25% on the latest trading day


• Traded below all major moving averages, indicating sustained downward momentum


• Registered a one-year return of -42.56%, compared to Sensex’s 7.97%


• Experienced an increase in pledged promoter shares to 25.53%


• Reported highest quarterly profits recently, despite price weakness

These data points provide a comprehensive view of the stock’s current market standing and financial context.

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