Why is Thacker & Co. falling/rising?
As of 09-Jul, Thacker & Company Ltd's stock price is 1,620.05, down 3.51% today and 3.63% over the past week, despite a strong 61.68% annual return. Recent performance is affected by poor long-term growth and declining investor interest, with liquidity adequate but delivery volume significantly reduced.
As of 09-Jul, Thacker & Company Ltd's stock price is currently at 1,620.05, reflecting a decrease of 58.95 points, or 3.51%. The stock has underperformed its sector by 3.14% today, opening with a loss of 2.32% and reaching an intraday low of Rs 1,602.5, which is a decline of 4.56%. Over the past week, the stock has decreased by 3.63%, although it has shown a positive return of 8.00% over the last month. Despite generating a substantial return of 61.68% over the past year and a remarkable 468.34% over the last three years, the stock's recent performance is hindered by poor long-term growth, as evidenced by a -2.38% annual decline in net sales over the last five years. Additionally, the company's cash and cash equivalents are at their lowest, and the debtors turnover ratio is also at a concerning low, contributing to the stock's negative sentiment.In the broader market context, the Sensex has shown a slight increase of 0.15% over the past week, contrasting with Thacker & Company's decline. While the stock has outperformed the benchmark in the long term, its recent performance indicates a divergence from the overall market trend. The stock's liquidity appears adequate for trading, but a significant drop in delivery volume by 47.1% against the five-day average suggests waning investor interest. The company's high valuation relative to its peers, coupled with a relatively low return on equity of 12.7%, further complicates its attractiveness to investors, contributing to the downward pressure on its stock price.
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