News and Views
Recent Price Movement and Market Context
Enkei Wheels has been under pressure for some time, with the stock recording a 6.24% loss over the past week, significantly underperforming the Sensex, which declined by only 1.69% in the same period. The one-month performance further emphasises this trend, with the stock falling 8.27% compared to the Sensex’s 1.92% decline. Year-to-date, the stock has dropped 4.64%, again lagging behind the benchmark’s 1.87% fall.
More strikingly, the stock’s one-year return stands at a steep negative 28.42%, while the Sensex has gained 9.56% over the same timeframe. Even over three years, Enkei Wheels has declined by 21.26%, contrasting sharply with the Sensex’s robust 38.78% gain. Despite this, the five-year return remains positive at 86.40%,...
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