Persistent Underperformance Against Benchmarks
The stock’s recent performance starkly contrasts with the broader market, as evidenced by its returns relative to the Sensex. Over the past week, Cellecor Gadgets declined by 6.88%, nearly three times the Sensex’s fall of 2.45%. The one-month performance further emphasises this divergence, with the stock plunging 14.40% compared to the Sensex’s modest 0.61% decline. Year-to-date, the stock has fallen 6.72%, while the Sensex has only dipped 1.71%. Most strikingly, over the last year, Cellecor Gadgets has lost 62.33% of its value, whereas the Sensex has gained 9.17%. This stark contrast highlights the company’s struggles amid a generally positive market environment.
Technical Indicators Signal Weakness
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