Why is Goenka Business falling/rising?
As of 22-Sep, Goenka Business & Finance Ltd's stock price is at 9.73, down 0.01 (-0.1%). Despite a 17.09% gain over the past year, the stock faces challenges with negative quarterly results and a low average ROE of 2.39%, leading to a concerning year-to-date decline of 49.72%.
As of 22-Sep, Goenka Business & Finance Ltd's stock price is currently at 9.73, reflecting a decrease of 0.01 (-0.1%). The stock has been underperforming recently, having fallen for the last two days with a total decline of 0.21%. In terms of performance, while the stock has shown a positive return of 17.09% over the past year, it has also faced significant challenges, including negative results for the last three consecutive quarters and a weak long-term fundamental strength indicated by an average Return on Equity (ROE) of 2.39%. Additionally, the stock's delivery volume has decreased significantly, suggesting a decline in investor participation, which may contribute to the recent price movement.In the broader market context, the stock has outperformed the benchmark Sensex over the past week and month, with returns of 3.84% and 7.28%, respectively, compared to the Sensex's 0.46% and 1.05%. However, the stock's year-to-date performance is concerning, with a decline of 49.72% against the Sensex's gain of 5.15%. This stark contrast highlights the stock's volatility and potential investor apprehension, particularly given its poor financial results and high valuation relative to peers. Overall, while there are short-term gains, the long-term outlook appears weak, contributing to the stock's current downward trajectory.
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