Persistent Downtrend Against Market Benchmarks
Anjani Synthetics has been grappling with a significant downward trajectory over multiple time horizons. Year-to-date, the stock has plummeted by 51.74%, starkly contrasting with the Sensex’s robust gain of 9.12% during the same period. Over the past year, the disparity widens further, with Anjani Synthetics declining 55.06% while the Sensex advanced 4.89%. Even over a three-year span, the stock has fallen 24.26%, whereas the benchmark index surged 37.24%. Although the five-year return shows a modest positive of 33.14%, it still lags considerably behind the Sensex’s 84.97% growth, underscoring a prolonged period of underperformance.
Technical Indicators Signal Weakness
On the day in question, the st...
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