Purple Finance Reaches All-Time Low Amid Ongoing Financial Struggles and Volatility

Purple Finance, a microcap player in the Non-Banking Financial Company (NBFC) sector, has experienced significant volatility, recently hitting an all-time low. The stock closed today at a price just 1.73% above its 52-week low of Rs 37.02, reflecting a downward trend in its performance metrics.
In terms of daily performance, Purple Finance saw a decline of 1.78%, contrasting with the Sensex's modest drop of 0.36%. Over the past week, the stock has fallen by 4.88%, and its performance over the last month shows a steep decline of 13.95%. Year-to-date, the stock has plummeted by 45.12%, while its one-year performance stands at a staggering -55.58%.

The company's financial health appears concerning, with operating losses and a negative EBITDA indicating weak long-term fundamentals. Despite reporting positive results for the last three consecutive quarters and net sales of Rs 12.43 crore in the latest six months, the overall outlook remains bleak. Additionally, promoter holding has decreased to 50.24%, signaling potential shifts in confidence among stakeholders.