Why is Suryoday Small falling/rising?
As of 26-Aug, Suryoday Small Finance Bank Ltd's stock price is declining, currently at 123.30, reflecting a 1.71% decrease. The company has reported negative results for three consecutive quarters, contributing to a significant annual decline of 37.79% and raising investor concerns due to high non-performing assets.
As of 26-Aug, Suryoday Small Finance Bank Ltd is experiencing a decline in its stock price, currently at 123.30, which reflects a decrease of 2.15 or 1.71%. The stock has underperformed its sector by 0.57% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 5.41%. Over the past week, the stock has decreased by 3.45%, and it has seen a significant decline of 37.79% over the past year. The company has reported negative results for the last three consecutive quarters, including a drastic fall in operating profit by 99.37%, which has contributed to its poor performance. Additionally, the stock is trading at a premium compared to its peers, and the high gross non-performing assets (NPA) at 8.46% further exacerbate investor concerns.In the broader market context, Suryoday's short-term performance has been notably worse than the benchmark, with a 1-week decline of 3.45% compared to the Sensex's drop of only 1.05%. This underperformance is indicative of broader issues within the company, as reflected in its negative profit after tax growth of 81.50% and a return on assets (ROA) of just 0.5. Despite a high capital adequacy ratio and healthy long-term growth in net interest income, the persistent negative results and low domestic mutual fund holdings suggest a lack of confidence among investors. Overall, the combination of poor financial performance and unfavorable market conditions has led to the stock's continued decline.
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