Why is Mufin Green falling/rising?
As of 18-Sep, Mufin Green Finance Ltd is priced at Rs 91.00, up 3.41% after two days of decline, but has a year-to-date drop of 14.11%. Despite short-term challenges and reduced investor participation, its strong long-term fundamentals may attract investors.
As of 18-Sep, Mufin Green Finance Ltd is currently priced at Rs 91.00, reflecting an increase of Rs 3.0 or 3.41%. The stock has shown a trend reversal by gaining after two consecutive days of decline, and it outperformed its sector by 3.08% today. The stock reached an intraday high of Rs 92.1, marking a 4.66% increase. Despite this positive movement, the stock has experienced a decline of 14.11% year-to-date and 24.17% over the past year. However, it has demonstrated strong long-term fundamental strength, with a compound annual growth rate (CAGR) of 161.32% in operating profits and a significant annual growth rate of 75.19% in net sales, which may contribute to its recent upward movement.In the broader market context, Mufin Green's short-term performance has not kept pace with the benchmark, as it has remained flat over the past week while the Sensex has increased by 1.80%. The stock's delivery volume has fallen significantly, indicating a decrease in investor participation, which could be a concern for future price stability. Nevertheless, the liquidity of the stock remains adequate for trading, suggesting that while short-term challenges exist, the long-term growth potential may be attracting some investors back into the stock.
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