Why is Franklin Indust. falling/rising?
As of 02-Sep, Franklin Industries Ltd's stock price is Rs. 0.97, down 8.49%, and has reached a 52-week low of Rs. 0.96. The stock has significantly underperformed its sector and the market, with a year-to-date decline of 46.09% and a one-year return of -63.20%, driven by poor financial results and decreased investor interest.
As of 02-Sep, Franklin Industries Ltd is experiencing a decline in its stock price, currently at Rs. 0.97, which represents a decrease of 0.09 or 8.49%. The stock has hit a new 52-week low of Rs. 0.96 today and has underperformed its sector by 9.54%. Over the past two days, the stock has consecutively fallen, resulting in a total decline of 17.09%. In terms of returns, the stock has performed poorly over various periods, with a year-to-date decline of 46.09% and a one-year return of -63.20%. Despite some positive factors such as high management efficiency and low debt levels, the stock's recent performance has been negatively impacted by flat quarterly results, significant drops in profit before tax and profit after tax, and a decrease in investor participation, with delivery volume falling by 73.57% against the five-day average.In the broader market context, Franklin Industries Ltd's short-term performance has been worse than the benchmark, with a one-week return of -1.02% compared to the Sensex's -0.78%. This indicates that the stock is not only struggling in isolation but is also lagging behind the overall market trends. The company's significant year-over-year profit decline of 62% further exacerbates investor concerns, leading to a lack of confidence reflected in the stock's price movement. Overall, the combination of poor financial results, declining investor interest, and underperformance relative to the market contributes to the stock's downward trajectory.
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