Why is Tilaknagar Inds. falling/rising?
As of 04-Jul, Tilaknagar Industries Ltd is priced at 340.25, having declined 0.56% recently and 19.45% year-to-date. Despite short-term struggles, the company shows strong long-term growth with significant profit increases and rising institutional interest.
As of 04-Jul, Tilaknagar Industries Ltd is currently priced at 340.25, reflecting a decrease of 1.9, or 0.56%. The stock has been underperforming, having fallen consecutively for the last seven days, resulting in a total decline of 4.15% during this period. In terms of returns, the stock has decreased by 2.73% over the past week and 5.64% over the past month, while it has shown a significant year-to-date decline of 19.45%. Despite these short-term challenges, the company has demonstrated healthy long-term growth, with a remarkable annual operating profit growth rate of 35.95% and a net profit increase of 145.85%. Institutional investors have also shown increasing interest, raising their stake by 1.27% in the previous quarter, which may provide some support for the stock.In the broader market context, Tilaknagar Industries' recent performance contrasts sharply with the benchmark Sensex, which has only declined by 0.74% over the past week and has gained 3.01% over the past month. This underperformance against the benchmark highlights the stock's struggles in the short term, despite its strong historical returns, including a 38.03% increase over the past year and a staggering 346.52% rise over the last three years. The stock's liquidity remains adequate, with a delivery volume increase of 28.15% compared to the five-day average, indicating some investor interest, but the overall trend suggests a challenging environment for the stock at this time.
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