Why is Satin Creditcare falling/rising?
As of 13-Aug, Satin Creditcare Network Ltd is priced at 139.00, down 1.42%, and has significantly underperformed its sector and the broader market, with a year-to-date decline of 8.25%. Despite an attractive valuation, weak fundamentals and a substantial profit drop contribute to negative sentiment around the stock.
As of 13-Aug, Satin Creditcare Network Ltd is currently priced at 139.00, reflecting a decrease of 2.0, or 1.42%. The stock has underperformed its sector by 2.33% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has declined by 2.42%, and it has experienced a significant drop of 33.87% over the past year, alongside a profit decline of 72.2%. While the stock is trading at a discount compared to its peers and has a very attractive valuation with a Price to Book Value of 0.6, the weak long-term fundamentals, indicated by an average Return on Equity of 5.42%, and flat results in the latest quarter contribute to its downward movement. Additionally, despite a slight increase in institutional investor participation, the overall sentiment remains negative due to the stock's poor performance.In the broader market context, Satin Creditcare's recent performance contrasts sharply with the benchmark, as it has generated a return of -2.42% over the past week compared to a negligible change of -0.01% in the Sensex. The stock's year-to-date performance shows a decline of 8.25%, while the benchmark has gained 3.07%. This underperformance in both short-term and long-term metrics highlights the challenges faced by Satin Creditcare, particularly in light of its significant profit decline and the overall market's positive trajectory.
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