Persistent Underperformance Against Benchmarks
On 04-Dec, Ashima Ltd’s share price closed at ₹18.41, down ₹0.52 from the previous session. This drop is part of a broader pattern of underwhelming returns. Over the past week, the stock has declined by 8.27%, markedly worse than the Sensex’s modest 0.53% fall. The one-month performance further emphasises this divergence, with Ashima shedding 11.49% while the Sensex gained 2.16%. Year-to-date figures reveal a stark contrast: Ashima has lost 43.35% of its value, whereas the Sensex has risen by 9.12%. Over the last year, the stock’s decline deepens to 51.74%, compared to a 5.32% gain in the benchmark index.
Even over longer periods, Ashima’s returns lag behind the market. While the stock has posted a 19.16% gain over three y...
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