Why is Time Technoplast falling/rising?
As of 24-Jul, Time Technoplast Ltd. is priced at 462.90, down 0.29%, and has underperformed its sector recently. Despite strong long-term performance and solid financial metrics, recent declines are attributed to decreased investor participation and concerns over slow sales growth.
As of 24-Jul, Time Technoplast Ltd. is currently priced at 462.90, reflecting a decrease of 1.35 or 0.29%. The stock has underperformed its sector today by 0.77% and has experienced a consecutive decline over the last two days, resulting in a total drop of 2.15% during this period. Despite a strong performance over the past year with a return of 38.39%, the stock's year-to-date performance shows a decline of 6.21%. Additionally, the company has demonstrated strong financial metrics, including a low Debt to EBITDA ratio and consistent positive results over the last seven quarters, which may suggest underlying strength. However, the stock's recent movement is negatively impacted by a significant drop in investor participation, with delivery volume falling by 52.17% compared to the five-day average.In the broader market context, the stock's short-term performance has been notably weaker than the benchmark, with a 1-week return of -1.96% compared to the Sensex's -0.09%. This underperformance in the short term contrasts with the stock's longer-term returns, where it has consistently outperformed the BSE500 over the past three years. While the company has high institutional holdings that indicate confidence in its fundamentals, the slow growth in net sales at an annual rate of 8.81% over the last five years raises concerns about its long-term growth potential, contributing to the stock's recent decline.
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