Why is Reliance Home falling/rising?
As of 11-Nov, Reliance Home Finance Ltd's stock price is at 3.40, up 4.94% recently, but has declined 14.36% over the past month. Despite positive quarterly results, concerns about long-term fundamentals and a negative book value persist.
As of 11-Nov, Reliance Home Finance Ltd's stock price is currently at 3.40, reflecting an increase of 0.16 or 4.94%. The stock has shown positive momentum recently, gaining 10.03% over the last two days and outperforming its sector by 4.44% today. Despite a negative performance over the past month and year, where it has declined by 14.36% and 12.60% respectively, the company has reported positive results for the last three consecutive quarters, with a higher PAT of Rs 3.03 Cr. However, concerns remain regarding its long-term fundamental strength, as it has not declared results in the last six months and has experienced a significant decline in net sales.In the broader market context, Reliance Home Finance Ltd has outperformed the Sensex in the short term, with a 1-week return of 0.89% compared to the benchmark's 0.49%. While the stock has shown some positive short-term trends, its long-term performance remains weak, with a decline of 16.05% year-to-date and underperformance against the BSE500 over various time frames. The stock's liquidity appears adequate for trading, but its negative book value and poor long-term growth prospects contribute to a perception of risk among investors.
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