Why is Satin Creditcare falling/rising?
As of 08-Jul, Satin Creditcare Network Ltd is priced at 165.80, having declined 0.54% recently and 23.54% over the past year. Despite a modest gain of 5.77% in the last month, weak long-term fundamentals and decreasing investor interest contribute to its ongoing downward trend.
As of 08-Jul, Satin Creditcare Network Ltd is currently priced at 165.80, reflecting a decrease of 0.9, or 0.54%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 4.08% during this period. In terms of returns, the stock has experienced a negative performance of 1.49% over the past week, while it has shown a modest gain of 5.77% over the last month. However, the stock's long-term performance is concerning, with a significant decline of 23.54% over the past year, coinciding with a 57.3% drop in profits. The stock is trading at a discount compared to its peers, but the weak long-term fundamentals, including a low return on equity and negative results for the last three consecutive quarters, contribute to its current downward trend.In the broader market context, the Sensex has shown a slight increase of 0.02% over the past week, contrasting with Satin Creditcare's decline. While the stock has outperformed the benchmark over the past month with a return of 5.77% compared to the Sensex's 1.85%, its year-to-date performance of 9.44% is still overshadowed by the significant drop in the last year. The stock's liquidity appears sufficient for trading, but the falling investor participation, indicated by a 42.24% drop in delivery volume, suggests waning interest among investors, further exacerbating its price decline.
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