Why is Wockhardt falling/rising?
As of 15-Oct, Wockhardt Ltd's stock price is 1,356.15, down 0.97% and has fallen 4.45% over the last three days. Despite a 25.51% return over the past year, recent performance is weak, with the stock trading below key moving averages and declining investor confidence due to poor fundamentals.
As of 15-Oct, Wockhardt Ltd's stock price is currently at 1,356.15, reflecting a decrease of 13.3 points or 0.97%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 4.45% during this period. Additionally, Wockhardt is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Although institutional investors have increased their stake by 0.89% over the previous quarter, indicating some positive sentiment, the stock's long-term fundamentals remain weak, with a low Return on Capital Employed (ROCE) of 0.78% and a high Debt to EBITDA ratio of 30.04 times, which negatively impacts investor confidence.In the broader market context, Wockhardt's short-term performance has been notably poor compared to the benchmark, with a 1-week decline of 2.73% against the Sensex's increase of 1.02%. Over the past month, the stock has dropped 10.28%, while the Sensex has gained 1.00%. This stark contrast highlights the stock's struggles despite a strong 1-year return of 25.51%, which outperformed the market's modest gain of 0.96%. The overall market has generated negative returns of -1.87% in the last year, yet Wockhardt's ability to achieve positive returns is overshadowed by its recent poor performance and declining investor participation, as evidenced by a 13.54% drop in delivery volume.
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