Persistent Underperformance Against Benchmarks
The stock’s recent price action is part of a longer-term pattern of underperformance. Over the past week, Tijaria Polypipe has declined by 5.19%, while the Sensex remained virtually flat, gaining a marginal 0.02%. This divergence has only widened over the last month, with the stock falling 12.52% compared to a 0.14% rise in the Sensex. More strikingly, the year-to-date returns for Tijaria Polypipe stand at a steep negative 53.61%, in stark contrast to the Sensex’s positive 8.37% gain. Over the last year, the stock has lost 57.19%, whereas the benchmark index has appreciated by 3.59%. Even on a three- and five-year horizon, Tijaria Polypipe’s returns lag significantly behind the Sensex, which has delivered 38.05% and 81.46% respectively, compared to the stock’s negative 20.28% and 29.25% returns.
Technical Indicators Signal Weak Momentum
From a technical perspective, the stock is trading below all major moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This positioning typically indicates bearish momentum and suggests that the stock is struggling to find support at key technical levels. The fact that Tijaria Polypipe has been declining for four consecutive days, losing 6.29% in that period, further underscores the prevailing negative sentiment among investors.
Momentum building strong! This Mid Cap from NBFC is on our MomentumNow radar. Other investors are catching on – will you join?
- - Building momentum strength
- - Investor interest growing
- - Limited time advantage
Rising Investor Participation Amid Decline
Interestingly, despite the falling price, investor participation has increased notably. On 15 Dec, the delivery volume surged to 83.53 lakh shares, marking a 169.67% rise compared to the five-day average delivery volume. This heightened activity suggests that while the stock is under selling pressure, there is also significant trading interest, possibly from investors repositioning their holdings or speculating on a potential turnaround. However, this increased volume has not translated into price support so far.
Liquidity and Trading Considerations
The stock’s liquidity remains adequate for trading, with the average traded value supporting reasonable trade sizes. This ensures that investors can enter or exit positions without excessive price impact, although the prevailing downward trend may deter some from initiating new positions.
Considering Tijaria Polypipe? Wait! SwitchER has found potentially better options in Plastic Products - Industrial and beyond. Compare this Microcap with top-rated alternatives now!
- - Better options discovered
- - Plastic Products - Industrial + beyond scope
- - Top-rated alternatives ready
Summary: Why Tijaria Polypipe Is Falling
The decline in Tijaria Polypipe’s share price on 16-Dec is a reflection of a broader and sustained weakness in the stock’s performance relative to the market and its sector. The persistent negative returns across weekly, monthly, and yearly periods highlight underlying challenges that have weighed on investor confidence. Technical indicators reinforce this bearish outlook, with the stock trading below all key moving averages and experiencing a multi-day losing streak. Although rising delivery volumes indicate increased investor activity, this has not been sufficient to arrest the downtrend. Overall, the stock’s fall is driven by a combination of prolonged underperformance, technical weakness, and cautious investor sentiment.
Get 2 full years of MojoOne Premium for only Rs. 12,999. Subscribe for 1 year and we'll add another year FREE. Offer valid for a limited time. Start Saving Now →
