Why is D P Wires falling/rising?
As of 22-Sep, D P Wires Ltd's stock price is Rs 262.10, down 2.62%, with a significant 38.65% decline over the past year and negative results for seven consecutive quarters. The stock is underperforming compared to the Sensex and has seen a 31.87% drop in delivery volume, indicating waning investor confidence.
As of 22-Sep, D P Wires Ltd is experiencing a decline in its stock price, currently at Rs 262.10, which reflects a decrease of Rs 7.05 or 2.62%. The stock has been underperforming, having lost 5.24% over the last four days and touching an intraday low of Rs 259.65. In terms of longer-term performance, the stock has seen a significant drop of 38.65% over the past year, while its operating profit has decreased at an annual rate of 4.48% over the last five years. The company has reported negative results for the last seven consecutive quarters, with key financial metrics such as ROCE and PBT hitting their lowest levels. Additionally, the stock is trading at a premium compared to its peers, which may contribute to its poor performance.In the broader market context, the stock has underperformed relative to the Sensex, which has gained 0.46% over the past week while D P Wires has declined by 4.43%. Despite a slight positive return of 5.09% over the past month, the overall year-to-date performance remains negative at -20.77%, contrasting with the Sensex's gain of 5.15%. The falling investor participation, as indicated by a 31.87% drop in delivery volume, further suggests a lack of confidence among investors, exacerbating the stock's downward trend.
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