Persistent Downward Momentum Against Market Benchmarks
Azad Engineering’s recent price action highlights a significant divergence from benchmark indices such as the Sensex. Over the past week, the stock has fallen by 6.16%, markedly underperforming the Sensex’s modest decline of 0.63%. This underperformance extends over longer time frames as well, with the stock down 3.15% in the last month compared to the Sensex’s 2.27% gain. Year-to-date, the stock has declined by 9.26%, while the Sensex has advanced by 8.91%. Over the past year, Azad Engineering’s shares have dropped 11.22%, contrasting with the Sensex’s 4.15% rise. These figures underscore a persistent weakness in the stock relative to the broader market.
Today's trading session further emphasised this trend, with ...
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