Recent Price Movement and Market Context
On 19 January, Ambika Cotton Mills Ltd’s share price closed at ₹1,172.15, down by ₹15.75 or 1.33% from the previous session. This decline marks the third consecutive day of losses, during which the stock has fallen by nearly 3.94%. Notably, the stock touched a new 52-week low of ₹1,167.10 on the same day, signalling sustained selling pressure. Despite this, the stock marginally outperformed its sector by 0.56% today, indicating some relative resilience within its industry group.
However, the broader trend remains negative. Over the past week, Ambika Cotton’s shares have declined by 1.55%, more than double the Sensex’s modest 0.75% fall. The one-month performance is even more concerning, with the stock down 7.19%, compared to the...
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