News and Views
Recent Price Movement and Market Context
On 30 January, the stock advanced by ₹10.1, reflecting a 1.2% increase, closing at ₹852.00. Despite this positive movement, the stock underperformed its sector by 0.77% on the day and touched an intraday low of ₹819.8, down 2.63%. The recent four-day rally has delivered a 7.62% return, substantially outperforming the Sensex’s 0.90% gain over the same week. However, this short-term strength contrasts with the stock’s longer-term trajectory, which has been less favourable.
Over the past month, the stock declined by 8.01%, exceeding the Sensex’s 2.84% fall, while year-to-date losses stand at 10.00% compared to the benchmark’s 3.46% drop. Most notably, the stock has underperformed dramatically over the last year, plunging 34.26% whi...
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