Recent Price Performance and Market Comparison
TCFC Finance’s share price has been on a downward trajectory over the past week and month, declining by 6.01% in both periods. This contrasts starkly with the Sensex, which has gained 0.79% over the week and 0.95% over the month, highlighting the stock’s relative weakness. Year-to-date, the stock has plummeted 41.78%, while the Sensex has risen by 9.08%, underscoring the significant underperformance of TCFC Finance in the current market environment.
Over the longer term, the stock’s returns remain positive but lag behind the benchmark. Over three years, TCFC Finance has delivered a 33.18% gain compared to the Sensex’s 39.39%, and over five years, it has outperformed with a 119.33% return versus the Sensex’s 94.23%. However, the recent sharp declines have overshadowed these longer-term gains.
Intraday Volatility and Trading Dynamics
On 21-Nov, the stock opened with a gap down of 2.66%, signalling immediate selling pressure from the outset of trading. The day’s trading was marked by high volatility, with an intraday price range of ₹4.5 and a volatility measure of 5.26%. The stock touched an intraday low of ₹40.55, representing a 12.38% drop from previous levels, and ultimately closed near this low, indicating sustained bearish sentiment throughout the session.
Trading volumes also reveal a shift in investor behaviour. The weighted average price was closer to the day’s low, suggesting that more shares changed hands at depressed prices. Additionally, delivery volumes on 20 Nov fell by 39.27% compared to the five-day average, signalling reduced investor participation and possibly a lack of conviction among buyers at current levels.
Our current monthly pick, this Mid Cap from Automobile Two & Three Wheelers, survived rigorous evaluation against dozens of contenders. See why experts are backing this one!
- - Rigorous evaluation cleared
- - Expert-backed selection
- - Mid Cap conviction pick
Technical Indicators and Market Sentiment
Technically, TCFC Finance is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This widespread weakness across multiple timeframes typically signals a bearish trend and may deter short-term and long-term investors alike. The stock’s consecutive two-day decline has resulted in an 11.09% loss over this brief period, reinforcing the negative momentum.
The stock’s underperformance relative to its sector by 8.42% on the day further emphasises the specific challenges faced by TCFC Finance, beyond broader market or sectoral pressures. Despite the stock’s liquidity being adequate for sizeable trades, the falling delivery volumes suggest that investors are increasingly cautious, possibly awaiting clearer signs of a turnaround or further deterioration.
Conclusion: Why TCFC Finance Is Falling
The decline in TCFC Finance’s share price on 21-Nov is primarily driven by sustained selling pressure, technical weakness, and subdued investor participation. The stock’s failure to hold above key moving averages and its new 52-week low indicate a lack of confidence among market participants. Coupled with its underperformance against the Sensex and sector peers, these factors have culminated in a sharp price correction. Until there is a reversal in trading volumes and a break above critical technical levels, the stock is likely to remain under pressure.
Limited Time Only! Subscribe for Rs. 12,999 and get 1 Year of MojoOne + an Additional Year Completely FREE. Don't miss out on this exclusive offer. Claim Your Free Year →
