Why is Johnson Pharma falling/rising?
As of 08-Aug, Johnson Pharmacare Ltd's stock price is Rs.0.77, down 2.53% and at a new 52-week low, reflecting a bearish trend with significant declines over the past week, month, and year compared to the Sensex. Despite increased investor participation, the stock has underperformed the sector and shows a year-to-date drop of 32.46%.
As of 08-Aug, Johnson Pharmacare Ltd's stock price is currently at Rs.0.77, reflecting a decline of Rs.0.02 or 2.53%. The stock has hit a new 52-week low today and has been on a downward trend, having fallen consecutively for the last three days, resulting in a total decrease of 4.94% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Although there has been a rise in investor participation with a delivery volume increase of 18.69% compared to the 5-day average, the overall performance has underperformed the sector by 2.25%. The stock's performance over the past week, month, and year shows significant declines of 6.10%, 10.47%, and 29.36%, respectively, compared to the Sensex, which has shown much smaller declines.In the broader market context, Johnson Pharmacare's recent performance contrasts sharply with the benchmark Sensex, which has only declined by 0.92% over the past week and has increased by 2.20% year-to-date. This stark difference highlights the stock's struggles relative to the overall market. The company's long-term performance also shows a decline, with a 32.46% drop year-to-date, while the Sensex has gained. The lack of available positive or negative factors further complicates the analysis of the stock's recent movement, leaving a gap in understanding the specific catalysts behind the decline.
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