News and Views
Persistent Downward Momentum and Underperformance
The stock has been on a losing streak for the past 15 consecutive trading days, resulting in a cumulative decline of approximately 25.7% during this period. This sustained fall contrasts sharply with the broader market, as the Sensex has recorded modest gains of 0.65% over the past week and 1.43% over the last month. Amit Securities’ one-week return of -9.14% and one-month return of -32.8% highlight its significant underperformance relative to the benchmark.
Further emphasising this weakness, the stock underperformed its sector by 1.69% on the day of the latest price update. Such relative underperformance suggests that sector-specific factors alone do not explain the decline, pointing instead to company-specific challen...
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