Why is John Cockerill falling/rising?
As of 29-Aug, John Cockerill India Ltd's stock price is Rs 4,345.10, down 2.56% and underperforming its sector. The stock has shown weak long-term fundamentals and declining investor participation, leading to waning confidence among investors.
As of 29-Aug, John Cockerill India Ltd's stock price is currently at Rs 4,345.10, reflecting a decrease of Rs 114.15, or 2.56%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 5.28% during this period. Today's performance indicates that it underperformed its sector by 2.53%. The stock's moving averages show it is higher than the 50-day, 100-day, and 200-day averages but lower than the 5-day and 20-day averages. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 67.3% compared to the 5-day average. The company has also shown weak long-term fundamentals, with a staggering -268.42% CAGR growth in operating profits over the last five years and a negative EBIT to interest ratio of -0.32, indicating challenges in servicing its debt.In the broader market context, John Cockerill's recent performance contrasts with the benchmark Sensex, which has declined by 1.84% over the past week, while the stock itself has decreased by 1.13%. Despite a positive year-to-date return of 3.45% compared to the Sensex's 2.14%, the stock has significantly underperformed over the past year, with a return of -14.47% against the benchmark's -2.83%. This underperformance, coupled with flat results in recent financial reports and a negative EBITDA, suggests that investor confidence is waning, particularly as domestic mutual funds hold no stake in the company, indicating a lack of comfort with its current valuation or business prospects.
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