News and Views
Recent Price Movement and Market Context
The stock’s decline on 28-Nov contrasts with its performance over the past month, where it recorded a notable gain of 7.93%, outperforming the Sensex’s 1.27% rise during the same period. However, the longer-term picture remains challenging, with the stock down 58.21% year-to-date and 45.19% over the last year, while the Sensex has delivered positive returns of 9.68% and 8.43% respectively. This divergence highlights the stock’s volatility and the broader market’s relative strength.
On the day in question, the stock underperformed its sector by 1.65%, signalling weakness relative to peers. The intraday low touched ₹156, representing a 4.15% drop from recent levels, and the weighted average price indicates that a greater volume of...
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