Recent Price Movement and Market Performance
Confidence Petroleum’s shares have been on a downward trajectory, losing 7.94% over the past week compared to a more modest 2.55% decline in the Sensex. Year-to-date, the stock has dropped 6.26%, underperforming the benchmark’s 1.93% fall. Over the last year, the stock has suffered a steep 53.08% loss, in stark contrast to the Sensex’s 7.67% gain. This underperformance extends over longer periods as well, with the stock down 56.68% over three years while the Sensex rose 37.58%, and a 13.36% decline over five years against a 71.32% gain in the benchmark.
On 09-Jan, the stock closed just 4.98% above its 52-week low of ₹32.6, signalling proximity to its lowest valuation in a year. The stock has also underperformed its sector by...
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