Why is Credent Global falling/rising?

Sep 19 2025 10:54 PM IST
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As of 19-Sep, Credent Global Finance Ltd's stock price is Rs 29.87, up 4.51%, with strong intraday momentum and significant profit growth. However, it faces long-term challenges, including a low return on equity and declining net sales, contributing to a year-to-date decline of 20.83%.
As of 19-Sep, Credent Global Finance Ltd's stock price is currently at Rs 29.87, reflecting an increase of Rs 1.29 or 4.51%. The stock has shown a positive trend today, outperforming its sector by 4.66% and reversing a two-day decline. It reached an intraday high of Rs 30.49, indicating strong intraday momentum. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bullish trend. Notably, the company reported a significant growth in profit after tax (PAT) of 150.07% over the last six months, which may have contributed to the recent price increase. However, the stock also faces challenges, such as a weak long-term fundamental strength with a return on equity (ROE) of 10.10% and declining net sales, which could temper investor enthusiasm.

In the broader market context, Credent Global's short-term performance has been strong, with a 1-week return of 2.12%, significantly outperforming the Sensex's 0.88% increase during the same period. Over the past month, the stock has risen by 10.92%, again surpassing the Sensex's 1.20% gain. Despite these positive short-term movements, the stock's year-to-date performance remains negative at -20.83%, contrasting with the Sensex's positive return of 5.74%. This divergence highlights the stock's volatility and potential concerns regarding its long-term growth prospects, which may affect investor sentiment moving forward.
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