Why is Technvision Ven. falling/rising?
As of 24-Sep, TechNVision Ventures Ltd's stock price is at 5,334.00, reflecting a recent upward trend with a 2.62% increase. Despite a month-long decline of 11.20%, the stock has a year-to-date return of 48.21%, though concerns about long-term growth persist due to stagnant operating profits and a significant drop in profits over the past year.
As of 24-Sep, TechNVision Ventures Ltd's stock price is rising, currently at 5,334.00, with an increase of 136.25 (2.62%). The stock has shown a positive trend recently, gaining for the last two days and achieving a total return of 7.49% during this period. It outperformed its sector by 4.45% today, reaching an intraday high of Rs 5,399, although it also experienced a low of Rs 4,990. Despite a recent decline of 11.20% over the past month, the stock has performed well year-to-date with a return of 48.21%. However, concerns remain regarding its long-term growth, as operating profits have only grown at an annual rate of 11.28% over the last five years, and profits have fallen by 109% over the past year.In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has seen a decline of 1.18% over the past week. While TechNVision has outperformed the benchmark in the long term, with significant gains over three years and five years, its short-term performance has been less favorable. The stock's liquidity appears adequate, with rising investor participation noted in the delivery volume, indicating growing interest despite the mixed signals from its financial performance. The lack of domestic mutual fund investment may suggest caution among institutional investors regarding the stock's valuation and business outlook.
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