Paul Merchants Hits New 52-Week Low at Rs. 664.05

Paul Merchants, a microcap player in the Non-Banking Financial Company (NBFC) sector, has reached a new 52-week low of Rs. 664.05 today, marking a significant downturn for the stock. This decline comes after a series of three consecutive days of falling prices, although the stock did manage to outperform its sector by 1.93% today. The intraday high for the stock was recorded at Rs. 700.95, reflecting a 4.84% increase at that point.
Over the past year, Paul Merchants has seen a substantial decline of 27.96%, significantly underperforming the broader market, which has experienced a loss of 4.39% during the same period. The company's financial metrics indicate ongoing difficulties, with net sales dropping at an annual rate of 9.08% and operating profit declining by 7.37%. Furthermore, the company has reported negative results for the last five consecutive quarters, with a recent PAT of Rs. -2.53 crore, a stark fall of 235.5% compared to the previous quarter's average.

Despite today's slight recovery, Paul Merchants continues to trade below its moving averages across various time frames, indicating a challenging market position.