Timex Group India Faces Continued Decline Amid Broader Market Weakness
Timex Group India shares have declined for two consecutive days, resulting in a notable decrease over this period. The stock has underperformed compared to the broader lifestyle sector and the Sensex. Despite recent challenges, it has shown strong growth over the past three years.
Timex Group India has experienced a significant decline today, with shares dropping by 7.95%. This performance marks a continuation of a downward trend, as the stock has now fallen for two consecutive days, resulting in a total decrease of 6.87% over this period. The stock reached an intraday low of Rs 170, reflecting a 6.13% drop at its lowest point.In comparison to the broader market, Timex Group India underperformed the lifestyle sector, which itself saw a decline of 2.35%. The stock's performance today is notably worse than the Sensex, which fell by 1.19% after a flat opening. Over the past week, Timex Group India has decreased by 2.57%, while the Sensex has gained 0.43%.
Despite the recent downturn, Timex Group India has shown resilience over longer time frames, with a year-to-date performance of -12.89% compared to the Sensex's modest gain of 0.96%. Over the past three years, the stock has surged by 153.92%, significantly outpacing the Sensex's 39.43% increase.
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