Persistent Downward Trend Against Market Benchmarks
Akanksha Power's recent price movement is part of a broader, sustained downtrend. Over the past week, the stock has fallen by 3.90%, significantly underperforming the Sensex, which remained almost flat with a marginal decline of 0.06%. The divergence becomes more pronounced over longer periods; in the last month, the stock plunged 16.38% while the Sensex gained 2.30%. Year-to-date figures reveal a stark contrast, with Akanksha Power down by over 50%, whereas the Sensex has appreciated by 10.75%. Similarly, over the past year, the stock has lost 50.03% of its value, while the benchmark index rose by 5.98%. This persistent underperformance highlights the stock’s vulnerability amid broader market resilience.
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