Why is Weizmann falling/rising?
As of 08-Sep, Weizmann Ltd's stock price is Rs 107.70, down 3.88%, and has underperformed its sector. The stock is in a bearish trend, trading below all key moving averages, with a year-to-date decline of 22.43%, contrasting with a positive broader market performance.
As of 08-Sep, Weizmann Ltd's stock price is currently at Rs 107.70, reflecting a decrease of Rs 4.35 or 3.88%. The stock has underperformed its sector by 4.92% today and has experienced a trend reversal, falling after three consecutive days of gains. It reached an intraday low of Rs 107.70, and trading volume has significantly decreased, with delivery volume dropping by 61.07% compared to the five-day average. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Year-to-date, the stock has declined by 22.43%, while its performance over the past month shows a decrease of 2.49%.In the broader market context, the Sensex has increased by 0.53% over the past week, contrasting with Weizmann's modest gain of only 0.19%. This underperformance is further highlighted by the stock's year-to-date decline compared to the Sensex's rise of 3.39%. The overall market appears to be more favorable, which may contribute to the negative sentiment surrounding Weizmann Ltd. The lack of positive factors in the dashboard suggests that there are no significant catalysts to drive the stock price higher at this time, reinforcing the downward pressure on its valuation.
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