Persistent Downward Trend Against Market Benchmarks
Balurghat Technologies has been under significant pressure over multiple time horizons. Over the past week, the stock declined by 1.18%, contrasting with the Sensex’s marginal gain of 0.02%. The one-month performance is even more stark, with the stock falling 12.08% while the Sensex edged up by 0.14%. Year-to-date figures reveal a severe underperformance, with Balurghat Tech down 46.05% compared to the Sensex’s 8.37% gain. Over the last year, the stock has plummeted 55.03%, whereas the benchmark index rose by 3.59%. Even over a three-year period, the stock’s return of -2.26% lags far behind the Sensex’s robust 38.05% growth. Although the five-year return of 76.70% is positive, it still trails the Sensex’s 81.46% appreciation...
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