Short-Term Price Movement and Relative Strength
Chamunda Electrical’s share price gained ₹2.15 on 29-Jan, marking a 4.67% increase by 09:19 PM. This rise is significant when compared to the benchmark Sensex, which recorded a modest gain of 0.51% over the past week. Over the same one-week period, Chamunda Electrical outperformed the Sensex by nearly 4.7 percentage points, registering a 5.25% gain. This suggests that the stock has attracted investor interest in the short term, possibly due to positive sentiment or specific market factors favouring the company.
Despite this recent surge, the stock’s performance over longer horizons remains subdued. Over the past month, Chamunda Electrical’s shares have declined by 7.14%, underperforming the Sensex’s 2.02% drop. Year-to-da...
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