News and Views
Recent Price Movement and Market Comparison
On 05-Feb, Cravatex Ltd’s shares dropped by ₹16.30, marking a 4.54% decrease in value. This decline is part of a continuing trend, with the stock having fallen for two consecutive days, resulting in a cumulative loss of 6.12% over this short period. When compared to the broader market, the stock’s performance is considerably weaker. Over the past week, Cravatex has declined by 5.89%, whereas the Sensex has gained 0.91%. Similarly, the stock’s one-month return of -7.36% contrasts with the Sensex’s more modest decline of 2.49%. Year-to-date, Cravatex’s losses stand at 7.56%, significantly underperforming the Sensex’s 2.24% drop.
Looking at longer-term performance, the stock has struggled to keep pace with the market. Over the p...
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