Why is Johnson Pharma falling/rising?
As of 11-Sep, Johnson Pharmacare Ltd's stock price is Rs 0.78, down 1.27%, and significantly underperforming compared to the sector and broader market. The stock is in a bearish trend, nearing its 52-week low, with a year-over-year decline of 36.07% and year-to-date drop of 31.58%.
As of 11-Sep, Johnson Pharmacare Ltd's stock price is currently at Rs 0.78, reflecting a decrease of Rs 0.01 or 1.27%. The stock has underperformed today, falling below the sector average by 0.98%. It is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the stock is 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 36.07%, while its year-to-date performance shows a drop of 31.58%. Despite a slight increase in delivery volume, which rose by 0.57% against the 5-day average, there are no positive factors noted that could counterbalance the negative trends.Broader Market Context: In comparison to the Sensex, which has gained 1.03% over the past week and 4.36% year-to-date, Johnson Pharmacare's performance has been notably poor. The stock's lack of positive momentum and its significant underperformance relative to the benchmark suggest that investor sentiment is weak. The broader market appears to be moving upward, while Johnson Pharmacare is struggling to maintain its value, further contributing to its declining stock price.
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