Recent Price Movements and Market Context
Despite the modest rise on 23-Jan, Ashima Ltd’s stock has been on a downward trajectory over multiple time frames. The stock has declined by 4.46% in the past week and 14.32% over the last month, significantly underperforming the Sensex, which fell 2.43% and 4.66% respectively during the same periods. Year-to-date, the stock has dropped 15.56%, compared to the Sensex’s 4.32% decline. Over the past year, the stock’s fall is even more pronounced at 48.72%, while the Sensex has gained 6.56%. This stark contrast highlights the company’s struggles amid a generally positive market environment.
Adding to the bearish sentiment, Ashima Ltd hit a new 52-week low of ₹15.8 on the same day, signalling continued investor caution. The stock i...
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