Why is Reliance Home falling/rising?

Jun 24 2025 10:14 PM IST
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As of 24-Jun, Reliance Home Finance Ltd's stock price is at 6.71, down 1.9% after eight consecutive days of decline totaling 14.41%. Despite strong long-term gains, the stock faces short-term challenges due to weak fundamentals and decreased investor participation.
As of 24-Jun, Reliance Home Finance Ltd's stock price is currently at 6.71, reflecting a decrease of 0.13 or 1.9%. The stock has been underperforming recently, having fallen for the last eight consecutive days, resulting in a total decline of 14.41%. Despite a strong performance over the longer term, with a 74.29% increase in the past year and significant gains over three and five years, the stock is currently facing challenges. The company has reported positive results for the last three consecutive quarters, with a higher profit after tax of Rs 3.03 Cr. However, it is also dealing with a negative book value and weak long-term fundamental strength, as evidenced by a significant decline in net sales and operating profit.

In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as it has underperformed the Sensex, which has gained 0.58% over the past week. The stock's delivery volume has also decreased significantly, indicating falling investor participation, which could further contribute to its price decline. While the stock has shown strong returns in the long term, the current negative sentiment, combined with its weak fundamentals, suggests a challenging environment for Reliance Home Finance Ltd in the short term.
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