News and Views
Recent Price Movement and Market Context
Despite the sharp fall on 09-Jan, the stock has shown mixed performance over shorter time frames. It recorded a positive return of 5.33% over the past week and a year-to-date gain of 5.95%, outperforming the Sensex which declined by 2.55% and 1.93% respectively during these periods. However, this short-term resilience masks a much bleaker long-term picture. Over the last year, the stock has plummeted by 79.40%, significantly underperforming the Sensex’s 7.67% gain. The three-year and five-year returns further highlight this disparity, with the stock falling 84.65% over three years while the Sensex rose 37.58%, and yet showing a five-year gain of 260.80% compared to the benchmark’s 71.32%.
On the day of the decline, the stock und...
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