Recent Price Movement and Market Context
Kanungo Financiers has delivered impressive returns over the longer term, with a year-to-date gain of 43.91% and a one-year return of 51.12%, significantly outperforming the Sensex benchmark, which posted gains of 9.51% and 9.64% respectively over the same periods. However, the stock’s performance over the past week has been weak, declining by 6.29% while the Sensex managed a modest rise of 0.42%. This recent downturn contrasts sharply with the stock’s one-month gain of 20.36%, indicating a shift in short-term market sentiment.
Despite the recent pullback, Kanungo Financiers remains above its 50-day, 100-day, and 200-day moving averages, suggesting that the medium to long-term trend remains intact. However, the share price has s...
Read More





