Why is Indian Wood Prod falling/rising?
As of 17-Sep, The Indian Wood Products Company Ltd's stock price is declining at 39.00, down 0.74%, and has underperformed its sector. The stock has dropped 1.96% over the past week and 19.75% year-to-date, reflecting weak fundamentals and decreased investor interest amidst a resilient broader market.
As of 17-Sep, The Indian Wood Products Company Ltd is experiencing a decline in its stock price, currently at 39.00, reflecting a decrease of 0.29 or 0.74%. The stock has underperformed its sector by 3.07% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has dropped by 1.96%, and year-to-date, it has seen a significant decline of 19.75%, despite a positive return of 7.53% over the past year. The company's weak long-term fundamental strength, indicated by a low average Return on Capital Employed (ROCE) of 1.98% and poor sales growth, contributes to the stock's downward movement.In the broader market context, the stock's recent performance contrasts sharply with the benchmark Sensex, which has gained 1.56% over the past week and 5.83% year-to-date. The overall market has shown resilience, while Indian Wood Products has struggled, particularly with a recent flat quarterly result showing a net sales decline of 8.71%. Additionally, a decrease in investor participation, as evidenced by a 23.68% drop in delivery volume, further indicates waning interest in the stock, compounding its challenges in a market that is otherwise performing well.
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