Why is TPI India falling/rising?
As of 12-Sep, TPI India Ltd's stock price is at 18.00, down 1.1%, with a significant decline in investor participation and a negative book value. The stock has underperformed the benchmark with a year-to-date return of -10.00%, raising concerns about its long-term viability.
As of 12-Sep, TPI India Ltd's stock price is currently at 18.00, reflecting a decrease of 0.2, or 1.1%. The stock's performance today is in line with its sector, but it has shown a significant decline in investor participation, with delivery volume falling by 57.12% compared to the 5-day average. Over the past week, the stock has decreased by 2.96%, while it has seen a more positive return of 15.53% over the past month. However, the stock has a negative book value and a weak long-term fundamental strength, indicated by poor growth in net sales and operating profit over the last five years. The company also carries high debt, which further complicates its financial health.In the broader market context, TPI India has underperformed against the benchmark, with a year-to-date return of -10.00% compared to the Sensex's 4.82%. This consistent underperformance is evident over the last three years, where the stock has generated -24.50% returns, while the benchmark has shown resilience. The stock's risk profile is heightened due to its negative book value and the fact that it is trading at risky valuations compared to historical averages. Overall, these factors contribute to the stock's downward movement, reflecting investor concerns about its long-term viability and performance relative to the market.
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