Persistent Downtrend Evident in Recent Price Movements
Chemtech Industrial Valves has been experiencing a consistent fall in its stock price over the past week, registering a steep loss of 7.99%. This decline is particularly striking when contrasted with the Sensex, which remained virtually flat with a marginal gain of 0.01% over the same period. The stock’s performance over the last month further emphasises this weakness, with a sharp 24.90% drop compared to the Sensex’s 2.70% rise. Year-to-date figures reveal an even more pronounced underperformance, as Chemtech’s shares have plummeted by 59.59%, while the broader market has advanced by 9.69%. This stark divergence highlights the challenges the company faces in regaining investor confidence.
Technical Indicat...
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