Why is Astrazeneca Phar falling/rising?
As of 24-Jun, Astrazeneca Pharma India Ltd's stock price is Rs 8,747.00, down 1.52% after a seven-day decline totaling 16.89%. Despite strong long-term performance, recent downturns are attributed to reduced investor participation and declining delivery volume, contrasting with the broader market's gains.
As of 24-Jun, Astrazeneca Pharma India Ltd is experiencing a decline in its stock price, currently at Rs 8,747.00, reflecting a decrease of Rs 135.3 or 1.52%. The stock has been underperforming, having fallen consecutively for the last seven days, resulting in a total decline of 16.89% during this period. Today's performance indicates that it has underperformed its sector by 1.73%, with an intraday low of Rs 8,680.15. Despite a strong performance over the longer term, with a 38.42% return over the past year and consistent positive results in recent quarters, the stock's recent downturn is influenced by a combination of falling investor participation and a decline in delivery volume by 28.78% against the five-day average.In the broader market context, the stock's short-term performance contrasts sharply with the benchmark Sensex, which has increased by 0.58% over the past week. While Astrazeneca Pharma has shown impressive long-term growth, including a 220.22% return over three years, concerns about its valuation, as indicated by a high Price to Book Value ratio and a declining stake from institutional investors, may be contributing to the current price drop. The company's operating profit growth rate of 15.95% over the last five years also raises questions about its long-term growth potential, further impacting investor sentiment.
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