Recent Price Movement and Benchmark Comparison
Chamunda Electrical Ltd’s stock has been under pressure over recent periods, with a one-week return of -5.92%, significantly lagging behind the Sensex’s modest gain of 0.88%. The one-month performance further emphasises this trend, as the stock declined by 11.18%, compared to the Sensex’s 2.31% fall. Year-to-date figures reveal a similar pattern, with Chamunda Electrical down 11.87% while the broader index has only dipped 1.86%. This persistent underperformance against the benchmark index highlights the challenges the stock is currently facing in regaining investor confidence.
Technical Indicators Point to Weakness
Technical analysis of Chamunda Electrical’s price action reveals that the stock is tr...
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