Recent Price Performance and Market Context
Elgi Equipments has been under pressure over the past week, with its stock declining by 5.84%, significantly underperforming the broader Sensex index, which fell by only 1.73% during the same period. The one-month and year-to-date returns further highlight this weakness, with the stock down 11.86% and 12.42% respectively, compared to the Sensex’s more modest declines of 3.24% and 3.57%. Over the longer term, the stock’s performance has lagged the benchmark considerably, with a one-year loss of 24.32% against a 6.63% gain in the Sensex, although it has delivered strong gains over five years, outperforming the index by a wide margin.
Today's trading session saw Elgi Equipments touch an intraday low of Rs 412.6, representing a 4...
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