Why is Moneyboxx Fin. falling/rising?
As of 24-Sep, Moneyboxx Finance Ltd's stock price is rising to 170.95, reflecting a 7.41% increase. Despite short-term gains and outperforming the Sensex, the stock has weak long-term fundamentals and a significant year-to-date decline of -28.92%.
As of 24-Sep, Moneyboxx Finance Ltd's stock price is rising, currently at 170.95, reflecting an increase of 11.8 or 7.41%. The stock has shown strong performance today, outperforming its sector by 7.5% and achieving a consecutive gain over the last two days with a total return of 13.63%. It opened with a gain of 3.64% and reached an intraday high of Rs 179.15, although it also experienced significant volatility with a wide trading range of Rs 25.55. Despite these positive movements, the stock has a weak long-term fundamental strength, indicated by a low average Return on Equity (ROE) of 1.20% and a concerning decline in profits over the past year, which has led to a negative sentiment among investors.In the broader market context, Moneyboxx Finance Ltd has outperformed the Sensex in the short term, with a 1-week return of +9.62% compared to the Sensex's -1.18%. However, the stock's long-term performance remains troubling, with a year-to-date decline of -28.92% and a one-year return of -38.92%, significantly underperforming the benchmark. The lack of domestic mutual fund investment, which stands at 0%, suggests a lack of confidence in the stock's valuation and business prospects, further contributing to its mixed performance despite recent gains.
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