Recent Price Movement and Market Context
Chennai Ferrous has experienced a notable decline in its share price over recent periods. The stock has fallen by 0.80% in the past week and by 8.64% over the last month, contrasting sharply with the Sensex’s modest gains of 0.13% and 0.77% respectively during the same periods. Year-to-date, the stock has lost 20.04% of its value, while the Sensex has advanced by 9.05%. Over the last year, Chennai Ferrous has underperformed significantly, with a 22.68% decline compared to the Sensex’s 3.75% rise. This trend extends over three years, where the stock has dropped 36.88%, whereas the Sensex has appreciated by 37.89%.
On 15-Dec, the stock closed just 4.9% above its 52-week low of ₹100, signalling proximity to its lowest valuation in ...
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