Recent Price Movement and Market Context
Elecon Engineering’s share price closed at ₹473.00, down by ₹1.60 or 0.34% as of 08:29 PM on 08 December. This decline continues a six-day losing streak, during which the stock has fallen by 6.25%. Over the past week, the stock has underperformed significantly, dropping 3.73% compared to the Sensex’s marginal decline of 0.63%. The underperformance is even more pronounced over longer periods, with the stock down 12.03% in the last month and a steep 25.16% over the past year, while the Sensex has gained 4.15% in the same timeframe.
Despite the recent weakness, Elecon Engineering has demonstrated impressive long-term growth, with a three-year return of 121.18% and a remarkable five-year gain exceeding 2300%, far outpacing the Sense...
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