Recent Price Movements and Market Comparison
On the latest trading day, Tracxn Technologies recorded a decline of 2.30%, contrasting with the Sensex’s marginal gain of 0.14%. This underperformance extends over multiple time frames. Over the past week, the stock has shed 10.05%, while the Sensex registered a modest fall of 0.58%. The one-month period shows a sharper contrast, with Tracxn Technologies down 20.42% against the Sensex’s 2.11% gain. Over three months, the stock’s loss stands at 18.03%, whereas the Sensex advanced by 5.58%.
Longer-term figures further underscore the stock’s challenges. In the last year, Tracxn Technologies has returned -48.63%, while the Sensex has appreciated by 5.27%. Year-to-date performance reveals a decline of 45.76% for the stock, compared to a 9.07% rise in the Sensex. Over three years, the stock has fallen 40.97%, contrasting with the BSE500’s 35.56% gain. The five- and ten-year returns for Tracxn Technologies remain at zero, while the Sensex has posted gains of 89.05% and 232.41% respectively over these periods.
Technical Indicators Reflect Bearish Sentiment
Tracxn Technologies is trading below all major moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This positioning typically signals sustained selling pressure and a lack of upward momentum. The stock has also experienced a consecutive five-day decline, resulting in a cumulative return of -9.82% during this stretch. Relative to its sector, the stock underperformed by 2.62% on the latest trading day.
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Financial Performance and Profitability Trends
The company’s quarterly profit after tax (PAT) stood at a loss of ₹5.56 crores, reflecting a decline of 129.3% compared to the previous four-quarter average. Non-operating income accounted for 200% of the profit before tax (PBT), indicating that core business earnings are under pressure and that non-operating items are currently a significant factor in the company’s profitability.
Operating profit has shown a negative annual growth rate of 193.22% over the last five years, signalling a contraction in earnings from core operations. Over the past year, profits have fallen by 1086%, a steep reduction that aligns with the stock’s substantial negative returns during the same period.
Valuation and Risk Considerations
Tracxn Technologies is trading at valuations that are considered risky relative to its historical averages. The stock’s negative earnings before interest, taxes, depreciation, and amortisation (EBITDA) further highlight the financial strain. Despite these challenges, the company maintains a low average debt-to-equity ratio of zero, indicating an absence of leverage on its balance sheet.
Institutional investors have reduced their holdings by 2.37% in the previous quarter, now collectively holding 5.25% of the company’s shares. This decline in institutional participation may reflect a reassessment of the company’s fundamentals by investors with greater analytical resources.
Comparative Sector and Market Performance
Within the Commercial Services & Supplies sector, Tracxn Technologies’ performance has lagged behind sector peers and broader market indices. The stock’s underperformance relative to the BSE500 index over one year, three months, and three years highlights persistent challenges in maintaining competitive growth and returns.
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Summary of Current Situation
Tracxn Technologies’ stock has reached a historic low of ₹42, reflecting a prolonged period of negative returns and financial contraction. The stock’s performance has consistently lagged behind key market indices and sector benchmarks across multiple time horizons. Key financial indicators reveal significant declines in profitability and earnings, with non-operating income currently playing a substantial role in reported profits.
Technical indicators confirm the stock’s position below all major moving averages, underscoring the prevailing downward momentum. Institutional investor participation has diminished, and valuation metrics suggest elevated risk compared to historical norms. Despite a low debt profile, the company faces challenges in reversing its earnings trajectory and market performance.
These factors collectively illustrate the severity of the current situation for Tracxn Technologies, as it navigates a difficult phase marked by sustained declines in stock price and financial results.
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