Why is Franklin Indust. falling/rising?
As of 15-Jul, Franklin Industries Ltd's stock price is at 1.60, showing a 5.96% increase. Despite recent short-term gains, the stock has underperformed over the past year with a return of -36.45%, indicating ongoing concerns in its overall trend compared to the broader market.
As of 15-Jul, Franklin Industries Ltd's stock price is currently at 1.60, reflecting an increase of 0.09 or 5.96%. Today's price summary indicates that the stock has outperformed its sector by 5.04% and has seen a trend reversal after two consecutive days of decline. While the stock is trading above its 20-day, 50-day, 100-day, and 200-day moving averages, it is below its 5-day moving average. Despite a recent drop in investor participation, with delivery volume decreasing by 10.15% against the 5-day average, the company maintains a high management efficiency with a return on equity (ROE) of 31.26% and a low debt-to-equity ratio. However, the stock has underperformed over the past year, generating a return of -36.45%, while profits have fallen by 9.7%.In the broader market context, the stock's short-term performance over the past week shows a decline of 1.23%, which is slightly better than the benchmark Sensex's decline of 1.36%. Over the past month, Franklin Industries has outperformed the Sensex, with a return of 6.67% compared to the benchmark's 1.79%. Despite this recent uptick, the stock's year-to-date performance remains negative at -11.08%, contrasting with the Sensex's positive return of 5.67%. This suggests that while there may be some positive momentum in the short term, the overall trend for Franklin Industries remains concerning when viewed against broader market performance and its historical returns.
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