Why is Weizmann falling/rising?
As of 11-Sep, Weizmann Ltd's stock price is flat at 111.55, underperforming its sector and benchmark indices. Despite strong debt servicing capabilities and positive quarterly results, the stock has significant long-term growth concerns, reflected in a 19.66% year-to-date decline.
As of 11-Sep, Weizmann Ltd's stock price is currently flat at 111.55, with no change in percentage terms. The stock has underperformed its sector by 0.49% today, and while it is higher than its 5-day and 20-day moving averages, it remains below the 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has decreased by 0.40%, and despite a positive return of 3.14% over the past month, it has experienced a significant decline of 19.66% year-to-date. The company's ability to service debt is strong, indicated by a low Debt to EBITDA ratio of 1.19 times, and it has shown positive quarterly results with a 233.3% growth in PAT and a 28.32% increase in net sales over the last six months. However, the stock's long-term growth prospects appear poor, with a decline in profits of 147.2% over the past year, contributing to its underperformance relative to peers.In the broader market context, the Sensex has increased by 1.03% over the past week, contrasting with Weizmann's decline. The stock's performance has lagged behind the benchmark indices, with a negative return of 13.69% over the past year compared to a marginal increase of 0.03% for the Sensex. This underperformance is compounded by a decrease in investor participation, as evidenced by a 22.13% drop in delivery volume against the 5-day average. Overall, while Weizmann Ltd has shown some positive financial metrics, its recent performance and long-term growth concerns have contributed to its stagnant stock price amidst a generally rising market.
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