Mangalam Industrial Finance Faces Declining Performance Amid Weak Fundamentals and Promoter Confidence
Mangalam Industrial Finance, a microcap in the finance sector, has hit a new 52-week low and has underperformed its sector significantly. The stock has declined over the past three days and shows a substantial year-over-year drop. Weak fundamentals and reduced promoter stake further complicate its outlook.
Mangalam Industrial Finance, a microcap player in the finance/NBFC sector, has experienced significant volatility, hitting a new 52-week low of Rs. 1.69 today. The stock has underperformed its sector by 3.67% and has seen a consecutive decline over the past three days, resulting in a total drop of 10.94%. In terms of moving averages, Mangalam Industrial Finance is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a bearish trend. Over the past year, the stock has faced a staggering decline of 59.48%, contrasting sharply with the Sensex's positive performance of 6.16% during the same period.
The company's fundamentals appear weak, with a low return on equity of 0.54% and modest growth rates in net sales and operating profit. Additionally, promoter confidence seems to be waning, as there has been a 3.61% reduction in their stake over the last quarter. Despite some positive quarterly results, the overall outlook remains challenging for Mangalam Industrial Finance.
{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)
{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
Our weekly and monthly stock recommendations are here
Loading...
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Target Price
{{sm.target_price }}
({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
₹{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News
Most Read
