Why is Triven.Engg.Ind. falling/rising?
As of 02-Jul, Triveni Engineering and Industries Ltd is priced at 377.50, having increased slightly after four days of decline, but it remains below key moving averages and has underperformed over the past year with a return of -3.74%. The stock faces challenges such as low ROCE and high debt-equity ratio, indicating investor concerns and a lack of confidence.
As of 02-Jul, Triveni Engineering and Industries Ltd is currently priced at 377.50, reflecting a slight increase of 0.2 (0.05%). The stock has gained after four consecutive days of decline, although it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has decreased by 3.92%, and it has seen a significant drop of 12.39% over the past month. Despite this recent uptick, the stock has underperformed in the long term, generating a return of -3.74% over the last year, while profits have fallen by 38.5%. The stock is considered to be trading at a discount compared to its peers, but it also faces challenges such as a low return on capital employed (ROCE) of 7 and a high debt-equity ratio of 0.63 times.Broader Market Context: In comparison to the benchmark Sensex, which has gained 0.79% over the past week and 2.50% over the past month, Triveni Engineering's short-term performance has lagged significantly. The broader market has shown resilience, while Triveni's recent price movement indicates a struggle to maintain investor interest, as evidenced by a 36.74% decline in delivery volume against the 5-day average. This suggests a lack of confidence among investors, contributing to the stock's underperformance relative to the market.
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