Extended Downtrend Evident in Price Performance
Delta Manufacturing Ltd has experienced a sustained decline in its share price, with a one-week loss of 7.12%, markedly worse than the Sensex’s modest 0.99% decline over the same period. The one-month performance further emphasises this trend, with the stock falling 16.11% compared to the Sensex’s 1.20% drop. Most notably, the year-to-date (YTD) return for Delta Manufacturing Ltd stands at a steep negative 39.16%, in stark contrast to the Sensex’s positive 8.36% gain. This divergence highlights the stock’s persistent weakness amid a generally buoyant market environment.
Technical Indicators Signal Continued Weakness
The stock’s current trading level at ₹66.22 is below all key moving averages, inclu...
Read full news article













