Recent Price Movement and Market Performance
The stock has been under pressure for the past week, declining 4.32% compared to a near-flat Sensex performance of -0.01%. Over the last month, Ashoka Metcast’s share price dropped 6.49%, significantly underperforming the broader market’s 1.31% decline. Year-to-date, the stock has fallen 7.69%, while the Sensex has only dipped 1.94%. The longer-term picture is even more concerning, with the stock losing 32.43% over the past year despite the Sensex gaining 8.47%. Over three years, the stock has declined 16.52%, whereas the benchmark index surged 39.07%. These figures highlight persistent underperformance relative to the market.
On 16-Jan, the stock hit a new 52-week low of ₹13.90, signalling continued bearish sentiment. It ha...
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