Persistent Downward Momentum
The stock has been on a losing streak for the past five consecutive trading sessions, accumulating a loss of 10.02% over the week. This is in stark contrast to the Sensex, which declined by only 1.83% during the same period. The year-to-date performance further highlights the stock’s weakness, with a decline of 11.97% compared to the Sensex’s modest fall of 1.58%. Over the last one year, Asahi Songwon Colors Ltd has suffered a steep 28.72% drop, while the Sensex has gained 8.40%, underscoring the stock’s relative underperformance.
The recent price action culminated in the stock hitting a new 52-week low of ₹235.15 on 12-Jan, signalling heightened selling pressure. Intraday, the share touched this low, representing a 4.59% fall from the prev...
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