Recent Price Movement and Market Context
Everest Kanto’s shares have been under sustained pressure, falling by 13.1% over the past week while the Sensex has gained 0.79% in the same period. This negative momentum extends over longer horizons, with the stock down 13.41% in one month and a significant 32.99% year-to-date decline, contrasting sharply with the Sensex’s positive returns of 9.08% YTD. Over the last year, the stock has plummeted 38.80%, whereas the benchmark index has risen by 10.47%. Even over three and five years, Everest Kanto’s returns of 32.41% and 215.52% respectively lag behind the Sensex’s 39.39% and 94.23%, signalling underperformance despite some long-term gains.
On 21-Nov, the stock traded lower than all key moving averages—5-day, 20-day, 50-day, 1...
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