Why is Kreon Finnancial falling/rising?
As of 20-Jun, Kreon Finnancial Services Ltd is currently priced at Rs 23.83, reflecting a recent increase despite a significant 46.16% decline over the past year. The stock has shown short-term gains but remains a risky investment due to ongoing operating losses and weak long-term fundamentals.
As of 20-Jun, Kreon Finnancial Services Ltd is experiencing a price increase, currently at Rs 23.83, reflecting a rise of 1.23 or 5.44%. The stock has shown a strong performance today, outperforming its sector by 3.87% and has gained consecutively over the last two days, accumulating a total return of 11.83% during this period. Despite a significant decline of 46.16% over the past year, the stock has seen a positive shift in recent trading, with a notable increase in delivery volume by 88.18% compared to the 5-day average. However, the company faces challenges, including operating losses and a negative EBITDA, which contribute to its classification as a risky investment with weak long-term fundamentals.In the broader market context, the stock's recent short-term performance of +7.63% over the past week contrasts sharply with its longer-term underperformance, as it has generated -14.86% over the past month and -18.25% year-to-date, while the Sensex has shown positive returns of 1.59% and 5.46%, respectively. This consistent underperformance against the benchmark over the last three years highlights the stock's volatility and risk, despite its recent gains. The overall market sentiment appears to be cautious, given the company's significant profit decline of 478% over the past year, which may temper investor enthusiasm despite the recent price uptick.
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