Why is TPI India falling/rising?
As of 15-Sep, TPI India Ltd's stock price is 17.06, down 5.22% today and 14.70% year-to-date, reflecting significant underperformance compared to the market. The company faces challenges such as a negative book value and high debt-to-equity ratio, contributing to declining investor confidence.
As of 15-Sep, TPI India Ltd's stock price is currently at 17.06, reflecting a decrease of 0.94, or 5.22%. The stock has underperformed its sector by 5.75% today and has experienced a consecutive decline over the last two days, totaling a drop of 6.26%. In the past week, the stock has fallen by 7.68%, while it has seen a more modest increase of 10.14% over the last month. However, the stock's year-to-date performance shows a significant decline of 14.70%, and it has dropped 27.00% over the past year. The company is facing challenges, including a negative book value and weak long-term fundamental strength, as evidenced by stagnant net sales and a high debt-to-equity ratio. In the broader market context, TPI India Ltd's recent performance contrasts sharply with the Sensex, which has gained 1.24% over the past week and 1.47% over the past month. The stock's significant underperformance relative to the market, particularly its 27.00% decline over the last year compared to the BSE500's negative return of only 3.45%, highlights the company's struggles. Additionally, falling investor participation, as indicated by a 68.31% drop in delivery volume, suggests a lack of confidence among investors, further contributing to the stock's downward trajectory.
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