Extended Underperformance Against Market Benchmarks
Credo Brands Marketing Ltd has experienced a notable decline over the past year, with its share price falling by 42.05%, in stark contrast to the Sensex’s 9.00% gain during the same period. This underperformance extends to shorter time frames as well, with the stock down 4.42% over the last week compared to the Sensex’s more modest 1.86% decline. Year-to-date, the stock has shed 7.07%, more than triple the Sensex’s 2.16% fall. These figures highlight a sustained negative trend that has weighed heavily on investor confidence.
Technical Indicators Signal Weak Momentum
The technical outlook for Credo Brands remains bearish. The stock is trading below all key moving averages, including the 5-day, 2...
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