Recent Price Movement and Market Performance
The stock closed at ₹26.16, down by ₹0.59 or 2.21% on 18 December, extending a losing streak that has seen the share price fall by 6.5% over the past week. This decline is stark when compared to the broader market, with the Sensex registering a marginal drop of just 0.40% in the same period. Over the last month, Bannari Amman Spinning Mills has underperformed even more significantly, declining nearly 9.7%, while the Sensex remained almost flat. Year-to-date, the stock has plummeted by over 51%, contrasting sharply with the Sensex’s gain of 8.12%.
The stock is currently trading close to its 52-week low, just 4.43% above the lowest price point of ₹25, signalling sustained weakness. Additionally, the share price is below all ke...
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