Why is Tinna Rubber falling/rising?
As of 18-Nov, Tinna Rubber & Infrastructure Ltd's stock price is Rs 845.80, down 2.41%, and has declined 8.37% over the last four days. The stock has significantly underperformed the market with a year-to-date drop of 36.96%, attributed to poor financial results and negative investor sentiment.
As of 18-Nov, Tinna Rubber & Infrastructure Ltd is experiencing a decline in its stock price, currently at Rs 845.80, which reflects a decrease of Rs 20.9 or 2.41%. The stock has underperformed its sector by 2.91% today and has been on a consecutive downward trend for the last four days, resulting in an overall drop of 8.37% during this period. Additionally, the stock is trading below its moving averages across various time frames, indicating a bearish trend. Over the past year, Tinna Rubber has generated a return of -32.03%, significantly underperforming the broader market, which has seen a return of 8.30%. Factors contributing to this decline include flat results reported in September, a low return on capital employed (ROCE) of 17.3, and a high enterprise value to capital employed ratio, suggesting an expensive valuation relative to its peers.Broader Market Context: In the short term, Tinna Rubber's performance has been notably weaker than the benchmark, with a one-week return of -4.92% compared to the Sensex's gain of 0.96%. This trend of underperformance is further highlighted by the stock's year-to-date decline of 36.96%, while the Sensex has increased by 8.36%. Despite some positive indicators such as high management efficiency and strong sales growth, the overall sentiment remains negative due to declining profits and poor financial ratios, leading to a lack of investor confidence and contributing to the stock's current downward trajectory.
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