Why is Mangal Credit falling/rising?
As of 03-Jul, Mangal Credit & Fincorp Ltd's stock price is Rs 191.10, down 0.91%. The stock has shown volatility and underperformed recently, despite a strong monthly performance and consistent positive results over the past 11 quarters.
As of 03-Jul, Mangal Credit & Fincorp Ltd's stock price is currently at Rs 191.10, reflecting a decrease of Rs 1.75 or 0.91%. The stock has been underperforming, having fallen for the last two days with a total decline of 2.55%. Despite opening with a gain of 4.74% and reaching an intraday high of Rs 205, the stock's performance has been volatile, with a high intraday volatility of 5.17%. Over the past week, the stock has decreased by 4.04%, although it has shown a strong performance over the past month with a 4.43% increase. The company has consistently reported positive results for the last 11 quarters, with net sales and PBDIT reaching their highest levels, contributing to a solid return of 76.29% over the past year, which is significantly higher than the market average.In the broader market context, Mangal Credit's recent performance has been weaker compared to the benchmark, as it has underperformed the Sensex, which has only declined by 0.62% over the same period. The stock's delivery volume has also seen a significant drop of 52.78% compared to the five-day average, indicating falling investor participation. Despite the stock trading at a premium compared to its peers and having a fair valuation, the recent decline in price suggests that investor sentiment may be cautious, particularly in light of the recent volatility and underperformance relative to the sector.
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