Why is TCI Express falling/rising?
As of 09-Oct, TCI Express Ltd's stock price is Rs 682.40, down 1.84%, and has declined 7.35% over the past six days. The stock has consistently underperformed its sector and the broader market, with negative returns and declining profits over the past year, leading to a poor long-term growth outlook.
As of 09-Oct, TCI Express Ltd's stock price is currently at Rs 682.40, reflecting a decrease of Rs 12.8 or 1.84%. The stock has been on a downward trend, having underperformed its sector by 2.3% today and experiencing a consecutive fall over the last six days, resulting in a total decline of 7.35% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past year, TCI Express has generated a return of -34.38%, with profits declining by 27.6%. The company has also reported negative results for the last seven consecutive quarters, contributing to its poor long-term growth outlook.In the broader market context, TCI Express has significantly underperformed against the benchmark, with a 1-week return of -6.92% compared to the Sensex's gain of 1.47%. This trend of underperformance has been consistent, as the stock has lagged behind the BSE500 in each of the last three annual periods. While the company has a low debt-to-equity ratio and an attractive valuation with a price-to-book value of 3.4, these positive factors are overshadowed by its declining operating cash flow and negative profit growth, leading to a lack of investor confidence and contributing to the stock's current decline.
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