Persistent Downward Momentum and Underperformance
The stock has been under significant selling pressure, recording losses for 11 consecutive trading days. Over this period, Alicon Castalloy’s returns have contracted by approximately 17.5%, signalling a clear bearish sentiment among investors. This sustained decline is further underscored by the stock’s performance relative to key benchmarks. Over the past week, the share price has fallen by 9.52%, markedly underperforming the Sensex’s modest 1.73% decline. The one-month and year-to-date figures also reveal a similar pattern, with the stock dropping 16.17% and 14.25% respectively, while the Sensex declined by only 3.24% and 3.57% over the same periods.
Longer-term comparisons highlight the stock’s struggles more starkly...
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