Persistent Downtrend Against Market Benchmarks
Examining the stock’s returns over various time frames reveals a consistent pattern of underperformance. Over the past week, Excellent Wires declined by 9.41%, contrasting sharply with the Sensex’s modest gain of 0.52%. This negative trend extends over longer periods, with the stock falling 11.80% in the last month while the Sensex rose by 1.03%. Year-to-date figures are even more stark, showing a 36.15% loss for Excellent Wires compared to a 10.82% gain in the Sensex. Over the past year, the stock has dropped 38.60%, whereas the benchmark index has appreciated by 9.57%. These figures underscore a sustained weakness in the company’s share price relative to the broader market.
Technical Indicators Signal Continued W...
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