News and Views
Recent Price Movement and Market Context
The stock’s fall on 23-Jan aligns with a weakening trend observed over multiple time frames. Over the past week, Amara Raja Energy’s shares have declined by 5.47%, more than double the Sensex’s 2.43% fall. The one-month and year-to-date returns also reveal sharper declines of 10.80% and 8.60% respectively, compared to the Sensex’s more modest drops of 4.66% and 4.32%. Most strikingly, the stock has lost 22.90% over the last year, while the Sensex gained 6.56% during the same period. This divergence highlights the stock’s sustained underperformance against the broader market.
On the day in question, the stock traded close to its 52-week low of ₹805.05, remaining just 3.17% above this level. Intraday, it touched a low of ₹827.10, ...
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