Why is Tricom Fruit falling/rising?
As of 21-Aug, Tricom Fruit Products Ltd's stock price is 2.12, up 3.41% today, but it has faced a 19.08% decline over the past month and shows stagnant long-term growth. Despite outperforming the Sensex recently, concerns about liquidity and lack of recent results raise its risk profile.
As of 21-Aug, Tricom Fruit Products Ltd is experiencing a price increase, with its current price at 2.12, reflecting a change of 0.07 or 3.41% upward. The stock has shown a strong performance today, outperforming its sector by 4.35% and achieving consecutive gains over the last two days, resulting in a total return of 7.07% during this period. However, despite this short-term gain, the stock has faced significant challenges, including a 19.08% decline over the past month and a concerning lack of long-term growth, as evidenced by stagnant net sales and operating profit over the last five years. Additionally, the company has not declared results in the last six months, raising concerns about its fundamental strength and increasing its risk profile.In the broader market context, the stock's recent performance contrasts with the benchmark, as it has outperformed the Sensex, which has only increased by 1.74% over the past week. Despite the stock's impressive one-year return of 26.19%, the overall market (BSE500) has generated negative returns of -1.56% in the same timeframe, indicating that Tricom has managed to stand out despite broader market challenges. However, the stock's liquidity is a concern, with a significant drop in delivery volume, suggesting reduced investor participation, which could impact future price movements.
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