Why is Weizmann falling/rising?
As of 16-Sep, Weizmann Ltd's stock price is Rs 109.80, down 2.4%, and has underperformed its sector and the benchmark Sensex. Despite some positive financial indicators, concerns about long-term growth persist due to significant declines in investor participation and negative returns over the past year.
As of 16-Sep, Weizmann Ltd's stock price is currently at Rs 109.80, reflecting a decrease of Rs 2.7 or 2.4%. Today's performance indicates that the stock has underperformed its sector by 3.94%, with an intraday low of Rs 109.25, which is a decline of 2.89%. The stock has shown a negative return of 3.43% over the past week and a year-to-date decline of 20.92%. Despite some positive financial indicators, such as a significant growth in PAT and net sales, the stock's recent movement is negatively impacted by a substantial drop in investor participation, with delivery volume falling by 70.72% against the 5-day average. Additionally, the stock has generated a return of -15.02% over the past year, with profits declining by 147.2%, which raises concerns about its long-term growth potential.In the broader market context, Weizmann Ltd's performance has lagged behind the benchmark Sensex, which has gained 1.58% over the past week and 5.43% year-to-date. The stock's underperformance is evident as it has not only fallen short of the benchmark in the short term but also in the long term, with negative returns over the past year and three years. While the company has a strong ability to service its debt and is trading at a discount compared to its peers, the overall sentiment remains cautious due to its poor long-term growth metrics and recent underperformance relative to the broader market.
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