Persistent Downtrend Against Market Benchmarks
Chembond Material Technologies has been struggling to keep pace with the broader market indices, as evidenced by its returns over various time frames. Over the past week, the stock has declined by 3.72%, while the Sensex gained 0.65%. This divergence is even more pronounced over longer periods, with the stock falling 8.78% in the last month compared to a 1.43% rise in the Sensex.
Year-to-date figures reveal a stark contrast: Chembond’s shares have plummeted by 73.29%, whereas the Sensex has advanced by 8.96%. Over the past year, the stock has lost 71.92%, while the benchmark index rose by 6.09%. Even on a three-year horizon, Chembond’s shares have declined by 39.23%, in sharp contrast to the Sensex’s 35.42% gain. The five-...
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