Why is TGV Sraac falling/rising?
As of 18-Aug, TGV Sraac Ltd's stock price is Rs 129.70, reflecting a 3.1% increase. The company has shown strong short-term performance with a 33.64% return over the past year, but concerns about long-term growth potential and low domestic mutual fund investment may pose risks.
As of 18-Aug, TGV Sraac Ltd's stock price is rising, currently at Rs 129.70, reflecting an increase of Rs 3.9 or 3.1%. The stock has been gaining for the last two days, with a total return of 4.34% during this period. It opened with a gain of 2.54% today and reached an intraday high of Rs 133.25, which is 5.92% above its previous close. Over the past month, the stock has outperformed the sector by 2.08% and has generated a return of 28.40%, while the benchmark Sensex has declined by 0.59%. The company has shown strong financial performance, with a significant net profit growth of 78.57% and positive results for the last four consecutive quarters, contributing to its attractive valuation and market-beating performance.In the broader market context, TGV Sraac's short-term performance has been notably strong, with a 1.49% increase over the past week compared to a 0.83% rise in the Sensex. Despite the overall market's negative returns of -1.14% over the last year, TGV Sraac has managed to deliver a remarkable return of 33.64%. However, there are concerns regarding its long-term growth potential, as net sales and operating profit have only grown at annual rates of 13.37% and 15.67%, respectively, over the past five years. Additionally, the low stake held by domestic mutual funds may indicate a lack of confidence in the stock's valuation or business prospects, which could pose risks to its future performance.
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