Why is Tilaknagar Inds. falling/rising?
As of 05-Sep, Tilaknagar Industries Ltd's stock price is Rs 459.30, down 2.65 (-0.57%), reflecting a recent decline of 3.86% over two days. Despite short-term challenges, the company has shown strong long-term growth with a 121.05% net profit increase and impressive returns over the past year and three years.
As of 05-Sep, Tilaknagar Industries Ltd is experiencing a decline in its stock price, currently at Rs 459.30, reflecting a decrease of 2.65 (-0.57%). The stock has been on a downward trend, having fallen consecutively for the last two days, resulting in a total decline of 3.86% during this period. Despite touching an intraday high of Rs 471.7 earlier in the day, the stock's performance over the past week shows a loss of 3.09%, while it has outperformed its sector by 1.68%. The company has demonstrated strong long-term growth, with a net profit increase of 121.05% and consistent positive results over the last five quarters, which suggests underlying strength despite the recent price drop.In the broader market context, Tilaknagar's short-term performance contrasts with the benchmark Sensex, which has gained 1.13% over the past week. The stock's recent decline comes amid a sector-wide downturn, as the Breweries & Distilleries sector has fallen by 2.25%. However, the stock has shown impressive returns over longer periods, including a 48.79% increase over the past year and a staggering 489.98% over three years, indicating that while it is currently facing short-term challenges, its long-term outlook remains positive.
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