Why is Tejnaksh Health. falling/rising?
As of 16-Jul, Tejnaksh Healthcare Ltd's stock price is 19.80, up 2.01% today, but it has a year-to-date decline of 12.04%. Despite recent short-term gains, the stock's long-term performance is weak, with a significant drop in delivery volume indicating investor caution.
As of 16-Jul, Tejnaksh Healthcare Ltd's stock price is currently at 19.80, reflecting an increase of 0.39 or 2.01%. The stock has shown a positive performance today, outperforming its sector by 2.3%, and has gained consecutively over the last two days, resulting in a total return of 3.56% during this period. However, despite this short-term gain, the stock has underperformed over the longer term, with a 12.04% decline year-to-date and a 10.85% drop over the past year. The company has a return on equity of 9.1, indicating a very attractive valuation with a price-to-book value of 1.6, and while profits have risen by 33.2% over the past year, the stock's long-term fundamental strength is weak, evidenced by a -5.12% CAGR growth in net sales over the last five years.In the broader market context, the stock's recent performance contrasts with the benchmark, as it has gained 2.75% over the past week while the Sensex has declined by 1.08%. However, the stock has consistently underperformed against the benchmark over the last three years, which may contribute to investor caution. The liquidity of the stock appears adequate for trading, but there has been a notable decline in delivery volume, which fell by 59.51% against the five-day average. This decline in investor participation, coupled with the stock's historical underperformance, suggests that while there may be short-term gains, the long-term outlook remains uncertain.
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