Recent Price Movement and Market Performance
On 17 December, Globale Tessile’s stock closed at ₹11.42, down ₹0.66 or 5.46% from the previous session. This decline continues a three-day losing streak, during which the stock has fallen by 6.55%. The underperformance is stark when compared to the broader market, with the Sensex gaining 0.20% over the past week while Globale Tessile declined 1.55%. Over the last month, the stock has dropped nearly 11%, significantly worse than the Sensex’s marginal 0.46% fall.
Year-to-date, the stock has plummeted by almost 60%, in sharp contrast to the Sensex’s 8.22% gain. Over the past year, the stock’s return has been a negative 62.80%, while the benchmark index rose by 4.80%. This persistent underperformance highlights the stock’s stru...
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