Why is Talbros Auto. falling/rising?
As of 10-Sep, Talbros Automotive Components Ltd's stock price is at 300.95, down 2.3% after a recent high of Rs 320. Despite today's decline, the stock has shown strong weekly and monthly returns, and its low Debt to EBITDA ratio indicates solid debt servicing capability, although it has underperformed its sector today.
As of 10-Sep, Talbros Automotive Components Ltd is experiencing a decline in its stock price, currently at 300.95, reflecting a decrease of 7.1 points or 2.3%. Today's price summary indicates that the stock opened with a gain of 2.27% but has since fallen after three consecutive days of gains, reaching an intraday high of Rs 320 and a low of Rs 295.05. Despite this drop, the stock has shown strong performance over the past week and month, with returns of +11.05% and +13.80%, respectively. The company maintains a low Debt to EBITDA ratio of 0.94 times, indicating a strong ability to service debt, and has demonstrated healthy long-term growth with an annual operating profit increase of 67.04%. However, the stock has underperformed its sector today by 2.27%, which may contribute to the current price decline.In the broader market context, while Talbros Automotive has outperformed the Sensex with a 1-week return of +11.05% compared to the benchmark's +1.06%, the stock's year-to-date performance is lagging, showing a modest +0.58% gain against the Sensex's +4.21%. The recent price movement may reflect a correction after a strong upward trend, as indicated by the significant rise in delivery volume, which increased by 179.6% against the 5-day average. Despite the current decline, the stock's attractive valuation, with a Price to Book Value of 2.9 and a PEG ratio of 1.3, suggests that it is trading at a discount compared to its peers, which could support future recovery.
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