Why is Coral India Fin. falling/rising?
As of 20-Jun, Coral India Finance & Housing Ltd's stock price has risen to Rs 46.99, reflecting a 6.82% increase despite a year-to-date decline of -17.72%. The company faces challenges with weak long-term fundamentals and disappointing financial results, which may lead to investor caution.
As of 20-Jun, Coral India Finance & Housing Ltd is experiencing a price increase, currently at Rs 46.99, which reflects a rise of Rs 3.0 or 6.82%. Today's price summary indicates that the stock initially opened with a loss of 3.71% but later reached an intraday high of Rs 47.99, showcasing significant volatility with a wide trading range of Rs 5.63. Over the past week, the stock has shown a return of 1.58%, outperforming the Sensex, which increased by 1.59%. However, the company faces challenges, including a weak long-term fundamental strength with an average Return on Equity (ROE) of 10.91% and disappointing financial results, such as a 53.25% decline in profit after tax over the last six months.In the broader market context, while Coral India has shown a positive short-term performance, its year-to-date return is notably negative at -17.72%, contrasting sharply with the Sensex's gain of 5.46% during the same period. The stock's performance over the last year has been modest, generating a return of 1.51%, but this is overshadowed by a significant drop in profits of 15.8%. The stock is trading at a discount compared to its peers, yet its valuation remains high relative to its fundamentals, which may contribute to investor caution despite today's price rise.
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