Persistent Downtrend Reflects Investor Caution
Aban Offshore’s shares have been declining steadily over the past week, registering a loss of 3.54% during this period. This recent slump is part of a much longer-term downtrend, with the stock falling 15.47% over the last month and a staggering 47.03% year-to-date. Over the past year, the decline deepens further to 47.97%, a stark contrast to the Sensex’s gains of 5.27% in the same timeframe. Even over three and five years, the stock’s returns lag significantly behind the benchmark, underscoring persistent challenges faced by the company or sector.
Today’s trading session saw Aban Offshore hit a fresh 52-week low of ₹33.50, signalling continued bearish sentiment among investors. The stock’s performance today also lagged b...
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