Why is Cons. Finvest falling/rising?
As of 28-Aug, Consolidated Finvest & Holdings Ltd is priced at 183.68, having declined 4.98% over the last three days and 100% over eight weeks. The stock has underperformed the Sensex significantly, with low investor participation and weak long-term fundamentals contributing to its downward trend.
As of 28-Aug, Consolidated Finvest & Holdings Ltd is currently priced at 183.68, reflecting a slight increase of 0.27 or 0.15%. However, the stock has been on a downward trend, having fallen for the last three consecutive days with a total decline of -4.98% during this period. Over the past eight weeks, the stock has consistently decreased, resulting in a total return of -100%. Additionally, it has underperformed significantly over the past month with a -6.51% return compared to the Sensex's -0.73%. The stock's performance is further characterized by low investor participation, as evidenced by a 26.67% drop in delivery volume against the five-day average. While the company has an attractive valuation with a Price to Book Value of 0.6 and a PEG ratio of 0.1, its long-term fundamentals are weak, indicated by a Return on Equity (ROE) of 12.13% and a significant drop in PAT and EPS in the latest quarter.In the broader market context, the stock's recent performance has been in line with the benchmark, as both the stock and the Sensex have experienced declines over the past week. The stock's year-to-date performance shows a stark contrast, with a -12.70% return compared to the Sensex's positive 3.62%. This underperformance over the long term, alongside a lack of confidence from domestic mutual funds, which hold only 0.04% of the company, suggests that investors may be wary of the stock's future prospects. Overall, the combination of weak recent performance, declining investor interest, and poor long-term fundamentals contributes to the stock's current downward trajectory.
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