Outperformance Against Benchmarks
Generic Engineering’s recent price performance has notably outpaced key market benchmarks, signalling strong underlying demand. Over the past week, the stock surged by 9.52%, significantly outperforming the Sensex’s modest 0.87% gain. This trend extends over longer periods, with the stock delivering 11.39% returns in the last month compared to the Sensex’s 2.03%, and a year-to-date gain of 12.71% against the benchmark’s 9.60%. Even on a one-year and three-year horizon, the stock has outperformed the Sensex by wide margins, registering 13.94% and 41.64% returns respectively, compared to the Sensex’s 7.32% and 35.33%. These figures highlight the stock’s resilience and appeal relative to broader market movements.
Technical Strengt...
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