Why is Heranba Inds falling/rising?
As of 26-Aug, Heranba Industries Ltd's stock price is Rs 362.35, down 2.99%, following three days of gains. Despite a recent weekly return of 11.37%, the stock has underperformed long-term with a 23.31% decline over the past year and a lack of domestic mutual fund investment indicates low confidence in its prospects.
As of 26-Aug, Heranba Industries Ltd is experiencing a decline in its stock price, currently at Rs 362.35, which represents a decrease of Rs 11.15 or 2.99%. The stock has underperformed its sector by 1.23% today and has fallen after three consecutive days of gains, touching an intraday low of Rs 359.85. Over the past week, the stock has shown a positive return of 11.37%, but it has underperformed over the longer term, with a decline of 3.40% in the last month and a significant drop of 23.31% over the past year. The company has faced negative results for the last three consecutive quarters, with a weak long-term fundamental strength reflected in a -46.00% CAGR growth in operating profits over the last five years, contributing to its current price movement.In the broader market context, while the Sensex has shown a slight decline of 1.05% over the past week, Heranba Industries has outperformed the benchmark in this short timeframe. However, the stock's long-term performance is concerning, as it has consistently underperformed against the benchmark over the last three years, with a return of -23.31% compared to the Sensex's positive return of 3.39% year-to-date. The lack of domestic mutual fund investment, which stands at 0%, suggests a lack of confidence in the company's valuation and business prospects, further impacting investor sentiment and contributing to the stock's downward trend.
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