Why is W I Plywoods falling/rising?
As of 30-Oct, Western India Plywoods Ltd is currently priced at 174.28, reflecting an 8.25% increase, but has seen a significant drop in investor participation. Despite short-term gains, the stock has underperformed long-term with a year-to-date decline of 30.35%.
As of 30-Oct, Western India Plywoods Ltd is experiencing a price increase, currently at 174.28, which reflects a rise of 13.28 or 8.25%. The stock has outperformed its sector by 9.4% today and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, there has been a notable decline in investor participation, with delivery volume dropping by 53.95% compared to the 5-day average. Over the past week, the stock has gained 8.85%, while it has seen a modest increase of 6.95% over the past month. Despite these short-term gains, the stock has underperformed in the long term, with a year-to-date decline of 30.35% and a 1-year return of -7.41%.In the broader market context, while the Sensex has shown a slight decline of 0.05% over the past week, Western India Plywoods Ltd's performance stands out positively in the short term. However, the company faces challenges, including poor long-term growth with net sales increasing at only 7.22% annually over the last five years and a low return on capital employed (ROCE) of 8.36%. The stock is trading at a discount compared to its peers, but its negative returns over the past year indicate significant underperformance against the broader market, which has generated returns of 4.39%. This combination of short-term gains and long-term concerns contributes to the complex dynamics affecting the stock's price movement.
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