Why is Tahmar Enterp. falling/rising?
As of 20-Oct, Tahmar Enterprises Ltd is currently priced at 12.89, reflecting a recent upward trend but a concerning long-term outlook with a year-to-date decline of 42.56%. Despite short-term gains and increased promoter confidence, the company's weak fundamentals indicate significant challenges ahead.
As of 20-Oct, Tahmar Enterprises Ltd is experiencing a price increase, currently at 12.89, which reflects a change of 0.55 or 4.46% upward. The stock has outperformed its sector today by 3.68% and has shown consecutive gains over the last two days, rising by 5.05% during this period. Despite this positive short-term performance, the stock has a concerning long-term outlook, with a year-to-date decline of 42.56% and a one-year return of -40.05%. The recent increase in promoter confidence, with a 2.2% stake increase, suggests a belief in the company's future, but this is tempered by the company's weak long-term fundamentals, including operating losses and a high Debt to EBITDA ratio, which indicate challenges in servicing debt and profitability.In the broader market context, the stock's short-term return of 5.22% over the past week significantly outpaces the Sensex's return of 2.47% during the same period. However, the stock's long-term performance remains below par compared to the benchmark, as it has underperformed the BSE500 over the last three years, one year, and three months. This juxtaposition highlights the stock's recent positive momentum against a backdrop of overall weak performance, suggesting that while there may be short-term gains, the long-term outlook remains precarious.
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