Why is Mufin Green falling/rising?
As of 11-Nov, Mufin Green Finance Ltd's stock price is Rs 111.40, down 2.02%, with an 8.5% decline over the past two days and an 8.91% drop for the week. Despite strong long-term fundamentals, recent price movements indicate reduced investor participation and underperformance compared to the Sensex.
As of 11-Nov, Mufin Green Finance Ltd is experiencing a decline in its stock price, currently at Rs 111.40, which represents a decrease of Rs 2.3 or 2.02%. The stock has been losing value for the past two days, with a total drop of 8.5% during this period. Additionally, it touched an intraday low of Rs 110.4. The stock's performance over the past week shows a significant decline of 8.91%, while it has had a more favorable return of 26.46% over the past month. Despite strong long-term fundamentals, including a 161.32% CAGR growth in operating profits and a 75.19% annual growth rate in net sales, the recent price movement reflects a falling investor participation, with delivery volume dropping by 57.19% against the 5-day average.In the broader market context, the Sensex has shown a slight increase of 0.49% over the past week, contrasting with Mufin Green's significant decline. This disparity indicates that the stock is underperforming relative to the benchmark index. While the stock remains liquid enough for trading, its recent performance suggests that investors may be cautious, leading to reduced participation. Overall, the combination of recent price declines, falling investor interest, and the stock's underperformance compared to the benchmark contributes to the current downward trend in Mufin Green's stock price.
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