Why is Tejnaksh Health. falling/rising?
As of 29-Jul, Tejnaksh Healthcare Ltd's stock price is declining at 19.00, down 0.37%, with a year-to-date drop of 15.59% despite a 33.2% rise in profits. The stock has underperformed its sector and the Sensex, indicating weak fundamentals and a lack of investor confidence.
As of 29-Jul, Tejnaksh Healthcare Ltd is experiencing a decline in its stock price, currently at 19.00, which reflects a decrease of 0.07 or 0.37%. The stock has underperformed its sector today by 1.08% and has been on a downward trend for the last three days, accumulating a total loss of 2.91%. Over the past week, the stock has decreased by 1.50%, and its year-to-date performance shows a significant decline of 15.59%. Despite a rise in profits by 33.2% over the past year, the stock has generated a return of -25.78%, indicating a troubling trend. The company has a low return on equity of 9.1, and its long-term fundamental strength is weak, as 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 Sensex, which has shown a slight increase of 4.09% year-to-date. The stock's consistent underperformance against the benchmark over the last three years, coupled with a significant drop in delivery volume by 65.64% compared to the five-day average, suggests a lack of investor confidence. Additionally, the stock is trading below all its moving averages, indicating a bearish trend. While it is trading at a discount compared to its peers, the overall negative sentiment and weak fundamentals contribute to its current price decline.
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