Why is Johnson Pharma falling/rising?
As of 08-Sep, Johnson Pharmacare Ltd is priced at 0.78, down 1.27%, and trading below its moving averages. Despite a slight outperformance against its sector today, the stock has significantly declined over the past year and is close to its 52-week low, indicating ongoing downward pressure.
As of 08-Sep, Johnson Pharmacare Ltd is currently priced at 0.78, reflecting a decrease of 0.01 or 1.27%. The stock is trading lower than its moving averages across various time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Despite today's performance, where it outperformed its sector by 0.99%, the stock is still close to its 52-week low, being only 3.85% away from Rs 0.75. Over the past year, the stock has seen a significant decline of 39.06%, while year-to-date it has fallen by 31.58%. The delivery volume has increased by 30.43% against the 5-day average, indicating rising investor participation, but there is no specific positive or negative dashboard data available to further explain the stock's recent movement.In the broader market context, Johnson Pharmacare's short-term performance has been flat over the past week, with a return of 0.00%, while the benchmark Sensex has gained 0.53%. Over the past month, Johnson Pharmacare has outperformed the Sensex slightly, with a return of 1.30% compared to the benchmark's 1.16%. However, the stock's year-to-date and one-year performance significantly lags behind the Sensex, which has risen by 3.39% and fallen only by 0.49%, respectively. This underperformance in the long term, combined with the stock's current trading position relative to its moving averages and proximity to its 52-week low, contributes to the overall downward pressure on its price.
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