Why is Haryana Capfin falling/rising?
As of 11-Aug, Haryana Capfin Ltd's stock price is Rs 190.00, down 12.44%, and has underperformed its sector. Despite a significant profit increase, the stock shows weak long-term fundamentals and high volatility, leading to negative investor sentiment.
As of 11-Aug, Haryana Capfin Ltd is experiencing a decline in its stock price, currently at Rs 190.00, which represents a decrease of 27.0 points or 12.44%. The stock has underperformed its sector by 13.13% today and has fallen after two consecutive days of gains. It reached an intraday low of Rs 190 and has shown high volatility with an intraday volatility of 5.71%. Over the past week, the stock has decreased by 2.64%, and year-to-date, it has declined by 36.71%. Despite a significant rise in profits by 84.5% over the past year, the stock has generated a negative return of -9.07%, indicating weak long-term fundamental strength with an average Return on Equity (ROE) of 1.09%.In the broader market context, Haryana Capfin's short-term performance has been notably worse than the benchmark, with the Sensex only declining by 0.51% over the same week. The stock's current trading price is at a premium compared to its peers' average historical valuations, which may contribute to investor caution. While there has been a notable increase in investor participation, with delivery volume rising significantly, the overall sentiment remains negative due to the company's weak financial results and low EPS. The combination of high volatility, underperformance relative to the sector, and weak long-term fundamentals suggests that investors are concerned about the stock's future prospects.
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