Why is T N Telecom. falling/rising?
As of 12-Aug, Tamil Nadu Telecommunications Ltd's stock price is declining at 16.81, down 1.98%, with a significant 34.31% loss over the last 21 days. Despite a strong year-to-date gain of 35.78%, recent performance has been poor, indicating company-specific issues affecting its stock more than broader market trends.
As of 12-Aug, Tamil Nadu Telecommunications Ltd is experiencing a decline in its stock price, currently at 16.81, which reflects a decrease of 0.34 or 1.98%. The stock has been underperforming significantly, having lost 34.31% over the last 21 days and is currently down 9.53% over the past week. Despite its strong performance year-to-date with a gain of 35.78%, the stock's recent trajectory has been negative, with a notable underperformance against its sector by 0.97%. Additionally, the stock's delivery volume has decreased sharply by 75.68% compared to the 5-day average, indicating falling investor participation, which may further contribute to the downward pressure on the stock price.In the broader market context, while the Sensex has only declined by 0.59% over the past week, Tamil Nadu Telecommunications Ltd's performance has been markedly worse, suggesting that specific company-related issues are influencing its stock price more than general market trends. The stock's performance over the last month shows a significant drop of 35.62%, contrasting sharply with the Sensex's modest decline of 2.75%. This disparity highlights the challenges faced by the company, particularly in the short term, despite its long-term growth reflected in the 3-year and 5-year returns.
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