Recent Price Movement and Market Context
The stock has been on a downward trajectory over the past two days, registering a cumulative loss of 6.87%. On 21 Nov, Ester Industries touched an intraday low of ₹108.7, marking a 4.61% decline from previous levels. Despite this short-term weakness, the stock has outperformed the Sensex benchmark over the last week, delivering a 5.40% gain compared to the Sensex’s modest 0.79% rise. However, this relative strength masks a longer-term underperformance trend, with the stock down 1.68% over the past month while the Sensex gained 0.95%.
More concerning is the year-to-date performance, where Ester Industries has declined by 27.03%, sharply contrasting with the Sensex’s 9.08% gain. Over the past year, the stock has fallen 20.29%, whi...
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