Recent Price Movement and Market Context
Finolex Cables has been on a downward trajectory over the past week, with a 1.92% decline compared to the Sensex’s modest 0.59% fall. The stock’s performance over the last month has been notably weaker, falling 7.12% while the Sensex gained 1.34%. Year-to-date, the stock has plummeted 37.32%, starkly contrasting with the Sensex’s 8.92% rise. Over the last year, the stock’s return stands at -35.89%, whereas the Sensex has appreciated by 5.27%. Even over a three-year horizon, Finolex Cables’ 31.19% gain trails the Sensex’s 35.37% growth, signalling persistent underperformance.
On the day in question, the stock traded close to its 52-week low, just 2.71% above the bottom price of ₹720.05. It has been losing ground for two consecuti...
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