News and Views
Recent Price Momentum and Market Outperformance
The stock has demonstrated remarkable momentum over the past week, appreciating by 12.59%, while the broader Sensex index declined by 0.63% during the same period. This outperformance extends to the one-month horizon, where the stock gained 17.51% compared to the Sensex’s modest 2.27% rise. Year-to-date, the stock has delivered a 20.47% return, more than double the Sensex’s 8.91% increase. Even over the last year, Dredging Corporation’s shares have risen by 8.96%, outperforming the benchmark’s 4.15% gain. These figures underscore the stock’s strong relative performance across multiple timeframes.
On the day in question, the stock hit a new 52-week high of ₹1,043.05, marking an intraday gain of 18.86%. It outpaced its sect...
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