Why is Indian Wood Prod falling/rising?
As of 13-Oct, The Indian Wood Products Company Ltd's stock price is Rs 43.31, down 2.83% and has declined 7.93% over the last four days. Despite a 24.45% return over the past year, weak fundamentals and declining investor confidence are raising concerns.
As of 13-Oct, The Indian Wood Products Company Ltd is experiencing a decline in its stock price, currently at Rs 43.31, which reflects a decrease of Rs 1.26 or 2.83%. The stock has been underperforming, having fallen for the last four consecutive days, resulting in a total decline of 7.93% during this period. Additionally, the stock's performance today has underperformed its sector by 1.91%. Despite a positive return of 24.45% over the past year, the stock has shown weak long-term fundamental strength, with a Return on Capital Employed (ROCE) of 2.8 and poor growth in net sales and operating profit over the last five years, which may contribute to investor concerns.In the broader market context, the stock's recent performance contrasts sharply with the benchmark Sensex, which has gained 0.66% over the past week. While the stock has outperformed the market over the past year, its year-to-date performance shows a decline of 10.88%, compared to the Sensex's increase of 5.36%. The falling investor participation, as indicated by a significant drop in delivery volume, further suggests a lack of confidence among investors, which could be exacerbated by the company's flat results in June and weak ability to service its debt.
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