55.05 -0.64 (-1.17%) Sell

MUKANDLTD is a falling knife, continues to bleed every investor trying to catch it

13 min read

MUKAND LTD. has destroyed investor wealth on Wednesday. It delivered -1.17% to close at 55.05. It is currently trading -41% below it's 52 week high of 93.4.

[Themes containing MUKANDLTD]

MUKANDLTD is currently in a bearish trend. Over the last three months Buy-and-Hold has been a better strategy (returning +8.79%) for MUKANDLTD's investors than shorting it.


MUKANDLTD has been underperforming the NIFTY-50 index in recent time. It showed significant underperformance (compared to the NIFTY-50 index) from 23 Oct, 2017 to 28 Sep, 2018. Over the last 3 years and 1 month, MUKANDLTD underperformed the NIFTY-50 index on 54% days.

MUKANDLTD was profitable on 52% days in the last three months. During this time, it delivered on average +0.16% per day. It delivered it's best daily return of +6.66%, during this period, on Thursday, 22 Nov, 2018. The longest stort-term trend during this period was 7 profitable days, which started on 16 Nov, 2018 and went on till 27 Nov, 2018. This bullish trend returned +21.54% to investors.

The last 12 months saw MUKANDLTD's investors making profits in 4 months and incurring losses in 8 months. During the last year, MUKANDLTD and NIFTY-50 index had the same number of profitable months. MUKANDLTD significantly outperformed NIFTY-50 index in Nov 2018, when it returned +28.58% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. MUKANDLTD had a longer winning streak of losing months than NIFTY-50 index. It went down in 3 straight months (from May 2018 to Jul 2018) during which period it delivered -23.33%. It is interesting to note that both MUKANDLTD and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.

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MUKANDLTD is currently seeing overall fall in volatility. In comparison, the NIFTY-50 index is seeing decrease in volatility. During the last three months, there was a significant fall in MUKANDLTD's volatility from 24 Oct, 2018 to 2 Jan, 2019. While there was a significant fall in the NIFTY-50 index's volatility from 31 Oct, 2018 to 5 Dec, 2018.

Advanced/professional short-term investors should note that MUKANDLTD has significant negative skewness in it's return distribution. This indicates that MUKANDLTD is very risky for short-term investment and can significantly underperform for long durations.

MUKANDLTD has more chance of extreme outcomes than the NIFTY-50 index. Therefore, MUKANDLTD must receive a lower allocation than NIFTY-50 in your portfolio. NIFTY-50 index usually has shorter drawdown period than MUKANDLTD.

Based on your interest in MUKANDLTD you may find it interesting to know that IGARASHI is highly volatile and investors investing in it must take extreme caution. Consider either reducing your exposure to IGARASHI or sufficiently diversifying your portfolio.

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