Why is Themis Medicare falling/rising?
As of 09-Oct, Themis Medicare Ltd's stock price is Rs 138.45, up 11.74% today, reversing a five-day decline. Despite recent gains, the company faces significant challenges with declining profits and a long-term growth outlook, having dropped 48.82% over the past year.
As of 09-Oct, Themis Medicare Ltd's stock price is currently at Rs 138.45, reflecting an increase of Rs 14.55, or 11.74%. The stock has shown a positive trend today, outperforming its sector by 10.8% and reversing a five-day consecutive decline. It reached an intraday high of Rs 147, marking an 18.64% increase. Over the past week, the stock has gained 3.32%, and over the last month, it has surged by 38.45%. However, despite this recent uptick, the company has faced significant challenges, including a drastic decline in operating profit and negative results for the last three quarters, leading to a concerning long-term growth outlook.Broader market context indicates that while Themis Medicare has outperformed the Sensex in the short term, with a 1-week return of 3.32% compared to the Sensex's 1.47%, it has significantly underperformed over the longer term. The stock has dropped 48.82% over the past year, contrasting sharply with the Sensex's modest decline of 0.87%. This disparity suggests that despite today's positive movement, the stock remains under pressure due to its poor financial performance and lack of investor confidence, as evidenced by the absence of domestic mutual fund holdings.
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