Why is Tejnaksh Health. falling/rising?
As of 15-Jul, Tejnaksh Healthcare Ltd's stock price is at 19.41, reflecting a 1.52% increase. Despite recent profit growth and an attractive ROE, the stock has significantly underperformed over the past month and year, indicating weak long-term fundamentals and cautious investor sentiment.
As of 15-Jul, Tejnaksh Healthcare Ltd's stock price is currently at 19.41, reflecting an increase of 0.29 or 1.52%. Today's price summary indicates that the stock is performing in line with its sector, although it is higher than the 5-day moving averages but lower than the 20-day, 50-day, 100-day, and 200-day moving averages. Despite the recent uptick, the stock has shown a significant decline over the past month, down 9.30%, and has underperformed against the benchmark Sensex over various periods, including a 12.61% drop in the last year. The company has a Return on Equity (ROE) of 9.1, which suggests an attractive valuation, and its profits have risen by 33.2% over the past year, despite the stock's negative return. However, the stock's long-term fundamentals are weak, with a -5.12% CAGR growth in net sales over the last five years, contributing to its overall underperformance.In the broader market context, the stock's short-term performance of -0.61% over the past week contrasts with the Sensex, which has declined by 1.36% during the same period. This indicates that while Tejnaksh Healthcare Ltd is experiencing a slight recovery today, it has still been unable to keep pace with the market trends over the longer term. The stock's consistent underperformance against the benchmark over the last three years, coupled with a lack of investor participation as evidenced by a 24.74% drop in delivery volume, suggests that investor sentiment remains cautious. Overall, while there are some positive indicators regarding valuation and profit growth, the negative long-term trends and weak fundamentals continue to weigh on the stock's performance.
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