Why is Monte Carlo Fas. falling/rising?
As of 02-Sep, Monte Carlo Fashions Ltd is currently priced at 576.00, reflecting a recent upward change of 0.24%. Despite short-term gains, the stock has underperformed over the past week and month, and its long-term growth prospects appear weak, leading to a mixed outlook.
As of 02-Sep, Monte Carlo Fashions Ltd is experiencing a price increase, currently at 576.00, reflecting a change of 1.4 (0.24%) upward. The stock has been gaining for the last three days, with a total return of 1.38% during this period. However, it has underperformed its sector by 0.54% today. Despite the recent gains, the stock has shown a negative performance over the past week and month, with declines of 0.17% and 1.08%, respectively. The company has a high dividend yield of 3.65%, which may attract some investors, but it also faces challenges such as a low delivery volume, which has decreased by 34.19% against the five-day average. Additionally, while the stock has generated a return of -19.86% over the past year, its profits have risen by 31.4%, indicating a potential undervaluation relative to its peers.In the broader market context, the stock's short-term performance has been better than the benchmark Sensex, which has declined by 0.78% over the past week. However, the stock has consistently underperformed against the benchmark over the last three years, with a significant drop of 28.43% year-to-date compared to the Sensex's gain of 2.58%. The company’s weak long-term growth prospects, as indicated by a negative operating profit growth rate of -7.83% over the last five years and a low domestic mutual fund holding, suggest a lack of confidence among institutional investors. This combination of factors contributes to a mixed outlook for the stock, despite its recent price increase.
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