Sangam (India) Ltd Faces Short-Term Challenges Despite Strong Long-Term Performance

Sangam (India) Ltd, a small-cap player in the Garments & Apparels industry, has shown notable activity today, reflecting a complex performance landscape. The stock's one-year performance stands at 9.50%, outperforming the Sensex, which recorded a gain of 8.97%. However, in the short term, Sangam's stock has faced challenges, with a decline of 2.08% today, contrasting with the Sensex's increase of 0.56%.
Over the past week, Sangam has seen a more significant drop of 6.23%, while the Sensex managed a slight gain of 0.14%. In the longer term, the stock has demonstrated resilience, with a remarkable 27.70% increase over the last three months, significantly outpacing the Sensex's 10.15% rise. Year-to-date, Sangam's performance is at 1.17%, lagging behind the Sensex's 5.17%.

From a technical perspective, the stock exhibits a bullish trend in daily moving averages and a mildly bullish outlook in both weekly and monthly Bollinger Bands. The market capitalization of Sangam (India) Ltd is Rs 2,135.00 Cr, with a P/E ratio of 53.14, notably higher than the industry average of 22.45.