Centrum Capital, a small-cap NBFC, has recently revised its evaluation amid current market conditions. The stock has faced challenges over the past year, underperforming compared to the Sensex. Technical indicators present a mixed outlook, reflecting both bearish and mildly bullish trends in different time frames.
Centrum Capital, a small-cap player in the Non-Banking Financial Company (NBFC) sector, has recently undergone an evaluation revision reflecting its current market dynamics. The stock is currently priced at 32.83, slightly down from its previous close of 33.22. Over the past year, Centrum Capital has faced challenges, with a return of -8.35%, contrasting with a -3.90% return from the Sensex during the same period.
The technical summary indicates a mixed outlook, with the MACD showing a mildly bearish trend on a weekly basis while remaining bullish on a monthly scale. Other indicators, such as Bollinger Bands and KST, also reflect a bearish sentiment on both weekly and monthly charts. The daily moving averages, however, suggest a mildly bullish stance, indicating some short-term resilience.
In terms of performance, Centrum Capital has experienced notable fluctuations, with a 52-week high of 41.90 and a low of 22.41. The stock’s performance over various time frames shows a significant disparity compared to the Sensex, particularly in the short term, where it has underperformed. Over three and five years, however, the stock has shown positive returns, albeit lower than the benchmark index. This evaluation adjustment highlights the ongoing challenges and market conditions impacting Centrum Capital’s performance.