Why is Mangal Credit falling/rising?

Jun 30 2025 08:55 PM IST
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As of 30-Jun, Mangal Credit & Fincorp Ltd's stock price is at 193.40, having declined 0.49% recently. Despite short-term struggles, the stock has a strong annual return of 79.91% and positive long-term performance indicators, suggesting underlying strength.
As of 30-Jun, Mangal Credit & Fincorp Ltd's stock price is currently at 193.40, reflecting a decline of 0.95, or 0.49%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 4.45% during this period. Despite this recent downturn, the stock has shown strong performance over the past year, with a return of 79.91%, significantly outpacing the market's return of 3.95%. The company has also reported positive results for the last 11 consecutive quarters, including record net sales and PBDIT, which suggests underlying strength despite the recent price drop. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 253.26% against the 5-day average, indicating ongoing interest in the stock.

In the broader market context, Mangal Credit's short-term performance has been less favorable compared to the benchmark, as it has declined by 2.57% over the past week while the Sensex has increased by 2.09%. This disparity highlights the stock's recent struggles relative to the overall market. Furthermore, while the stock is currently trading above its 50-day, 100-day, and 200-day moving averages, it is below its 5-day and 20-day moving averages, suggesting a potential short-term weakness. Overall, the combination of recent price declines, underperformance against the benchmark, and the positive long-term results creates a complex picture for investors considering Mangal Credit's stock.
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