Kridhan Infra Hits 52-Week Low Amid Broader Market Downturn and Weak Fundamentals

Kridhan Infra, a microcap player in the construction and real estate sector, has seen significant activity today as its stock price reached a new 52-week low of Rs. 3.15. This decline comes amid a broader market downturn, with the Sensex falling sharply by over 731 points. Despite this challenging environment, Kridhan Infra's stock has managed to outperform its sector by 4.74%, marking a potential trend reversal after three consecutive days of decline.
However, the company's long-term fundamentals remain weak, highlighted by a negative book value and a low average return on equity of 8.20%. Over the past year, Kridhan Infra has experienced a substantial decline of 30.94%, significantly underperforming the Sensex, which has gained 2.93% during the same period. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish technical trend.

With negative operating profits and a significant drop in profitability, Kridhan Infra's performance metrics suggest ongoing challenges in the market. The majority of its shareholders are non-institutional, reflecting a diverse ownership structure amidst these turbulent times.