Why is Inter Globe Fin falling/rising?
As of 25-Aug, Inter Globe Finance Ltd's stock price is Rs 99.44, down 4.27%, and has significantly underperformed its sector and the broader market. Despite strong quarterly earnings, the stock faces long-term challenges with weak fundamentals and declining investor interest.
As of 25-Aug, Inter Globe Finance Ltd is experiencing a decline in its stock price, currently at Rs 99.44, reflecting a decrease of Rs 4.44 or 4.27%. The stock has underperformed its sector by 4.08% today, having touched an intraday low of Rs 99, which is a 4.7% drop. Over the past week, the stock has seen a significant decline of 7.93%, while its performance over the last year shows a substantial decrease of 24.09%. Despite a strong quarterly performance with a PAT growth of 281.8% and the highest PBDIT recorded, the stock's long-term fundamentals are weak, indicated by a low average Return on Equity (ROE) of 2.13% and a concerning annual operating profit growth rate of -217.51%. In the broader market context, the Sensex has shown a slight increase of 0.45% over the past week, contrasting with Inter Globe Finance's negative performance. The stock's year-to-date return is down 21.70%, significantly underperforming the benchmark, which has gained 4.48% during the same period. This stark difference highlights the stock's struggles, particularly as it trades at a premium compared to its peers, despite its recent profit declines of 166.8% over the past year. The falling investor participation, with a notable drop in delivery volume, further exacerbates the stock's challenges in the current market environment.
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