Why is Johnson Pharma falling/rising?
As of 24-Sep, Johnson Pharmacare Ltd's stock price is Rs. 0.77, having increased by 1.32% after a decline, but it has reached a new 52-week low and is trading below all key moving averages, indicating a bearish trend. Despite a slight uptick, the stock's overall performance remains weak, with a year-to-date decline of 32.46% and underperformance compared to the market.
As of 24-Sep, Johnson Pharmacare Ltd's stock price is currently at Rs. 0.77, reflecting an increase of Rs. 0.01 or 1.32%. The stock has recently experienced a trend reversal, gaining after three consecutive days of decline. Despite this uptick, it has hit a new 52-week low of Rs. 0.75 today. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, there has been a slight decline in investor participation, with delivery volume down by 0.51% compared to the 5-day average. Over the past week, the stock has fallen by 1.28%, and year-to-date, it has seen a significant decline of 32.46%.In the broader market context, the Sensex has experienced a slight decline of 1.18% over the past week, which is comparable to Johnson Pharma's performance. However, the stock has underperformed the benchmark over the past month, down 2.53% while the Sensex has gained 0.50%. This indicates that while the stock has shown some short-term resilience today, its overall performance remains weak compared to the market. The lack of positive factors in the dashboard further suggests that the stock's recent rise may not be sustainable without a significant change in investor sentiment or market conditions.
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