Why is Star Housing Fin falling/rising?
As of 17-Sep, Star Housing Finance Ltd's stock price is at 24.50, down 1.01%, and has underperformed significantly with a 49.80% loss over the past year. Weak fundamentals and a recent 54.3% drop in quarterly profits contribute to its challenges, contrasting sharply with the broader market's positive performance.
As of 17-Sep, Star Housing Finance Ltd's stock price is currently at 24.50, reflecting a decrease of 0.25 or 1.01%. The stock has been underperforming, having lost 2.35% over the last four days and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past year, the stock has generated a significant return of -49.80%, with profits falling by 8.6%. The company has a return on equity (ROE) of 6.6 and is trading at a discount compared to its peers, but its weak long-term fundamentals and a recent drop in quarterly profits, which fell by 54.3%, contribute to its declining stock performance.In the broader market context, the stock's short-term performance contrasts sharply with the Sensex, which has risen by 1.56% over the past week. While Star Housing Finance has seen a decline of 2.04% in the same period, the overall market appears to be performing well. This underperformance against the benchmark, coupled with the company's weak financial results and declining investor confidence, suggests that the stock is facing significant challenges in regaining traction in the market.
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