Kridhan Infra Faces Continued Volatility Amid Weak Fundamentals and Market Trends

Kridhan Infra, a microcap player in the construction and real estate sector, has experienced significant volatility today, hitting a new 52-week low of Rs. 3.21. This decline marks a continued trend, as the stock has fallen for three consecutive days, resulting in a total drop of 10.22% during this period. Notably, Kridhan Infra's performance has underperformed its sector by 1.73%.
The company's long-term fundamentals appear weak, highlighted by a negative book value and a modest average return on equity of 8.20%, indicating low profitability relative to shareholders' funds. Over the past year, Kridhan Infra has reported a staggering decline of 28.63%, contrasting sharply with the Sensex's positive performance of 4.99% during the same timeframe.

Technical indicators suggest a bearish trend, with the stock trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the company has faced a dramatic drop in profits, with a reported decline of 1534.5%. As the market continues to fluctuate, Kridhan Infra's position remains precarious amidst broader market trends.