Why is Thakral Services falling/rising?
As of 04-September, Thakral Services (India) Ltd is seeing a price increase to 10.50, up 7.03%, with significant delivery volume growth. However, the company has a negative book value, declining net sales, and has underperformed the market over the past year, indicating potential long-term risks despite recent short-term gains.
As of 04-September, Thakral Services (India) Ltd is experiencing a price increase, currently at 10.50, reflecting a change of 0.69 or 7.03% upward. The stock has outperformed its sector today by 8.15%, and its delivery volume has significantly increased by 138.52% compared to the 5-day average, indicating rising investor participation. However, despite this short-term positive movement, the company has a negative book value and weak long-term fundamental strength, with net sales declining at an annual rate of -55.53% over the last five years. Additionally, the stock has underperformed the market over the past year, with a return of -71.01%, which is considerably worse than the broader market's negative return of -4.38%.In the broader market context, Thakral Services' recent performance stands in stark contrast to the benchmark, as it has shown a 5.53% gain over the past week while the Sensex only increased by 0.80%. This suggests that the stock's recent rise may be driven by specific factors related to the company rather than overall market trends. However, the long-term outlook remains concerning due to high debt levels and a negative EBITDA, which could pose risks for future performance despite the current uptick in price.
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