Persistent Downward Momentum
Alankit’s share price declined by 3.36% on 24 November, closing at ₹10.63, which represents a notable drop compared to recent trading sessions. The stock has been on a losing streak for two consecutive days, cumulatively falling by 5.09% during this period. This short-term weakness is part of a broader negative trend that has persisted over longer time frames. Over the past week, the stock has declined by 6.84%, significantly underperforming the Sensex, which remained almost flat with a marginal 0.06% gain. The one-month performance further emphasises this divergence, with Alankit falling 11.78% while the Sensex gained 0.82%.
More strikingly, the year-to-date (YTD) returns for Alankit reveal a steep decline of 51.42%, in stark contrast to t...
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