Big players are dragging the stock down : Capri Global LTD
INTRODUCTION:
Capri Global is a diversified Non-Banking Financial Company (NBFC) with a presence across diverse segments like MSME, Affordable Housing, Construction Finance segments, and Car Loan distribution; forayed into Gold Loans in Aug 22.
RECENT DEVELOPMENTS:
The current intervention of SEBI in mutual funds for investment in SMALL CAP stocks, have resulted in the downfall of this stock price. Many mutual funds have completely exited this stock which brought the price from 289 to 204/share.
Many investors and traders are seeing this as a good buying opportunity. Expecting a rebound in the stock price.
KEY THINGS TO LOOK AT:
Although, the price have corrected by more than 25%. The stock P/E is still at 64.76, which is still a very high valuation for a NBFC stock.
The financial metrics of the company look healthy, with 8% annual profit compound growth for last 3 years and a CAGR of 37% in stock price. In the meantime the promoters holding has gone down by 5%.
FUTURE OUTLOOK:
The recent rapid fluctuation in the price could bring huge price movements in the near future. speculators can have a good time betting in this stock. More information about this stock could be found here.
Disclaimer : This is not a financial advice, do your won research before investing. For more blogs you can visit stoxinsight.
