Why is True Green falling/rising?
As of 04-Jul, True Green Bio Energy Ltd's stock price is declining at 78.88, down 0.4%, and has underperformed its sector. Despite a 158.62% return over the past year, it faces a year-to-date decline of 28.29% due to operating losses and high promoter pledges, indicating ongoing challenges.
As of 04-Jul, True Green Bio Energy Ltd is experiencing a decline in its stock price, currently at 78.88, which reflects a decrease of 0.32 or 0.4%. The stock has underperformed its sector by 1.22% today and has seen a trend reversal after two consecutive days of gains. Although the stock has generated a remarkable return of 158.62% over the past year, it has faced challenges with a year-to-date decline of 28.29%. The company's operating losses and weak long-term fundamental strength, highlighted by a poor EBIT to Interest ratio of -0.02 and low Return on Equity of 2.95%, contribute to its current struggles. Additionally, 57.5% of promoter shares are pledged, which can exert further downward pressure in a falling market.In the broader market context, the stock's short-term performance over the past week shows a gain of 3.68%, contrasting with the Sensex's decline of 0.74%. However, the stock's one-month performance is negative at -1.39%, while the benchmark has risen by 3.01%. This indicates that despite some recent positive momentum, True Green's overall performance remains weak compared to the market, particularly due to its negative operating profits and flat results in March. The combination of high promoter pledges and the company's inability to generate consistent profitability suggests a challenging environment for the stock moving forward.
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