Recent Price Movement and Market Context
Globus Power’s share price has been under pressure, with a one-week loss of 5.19%, significantly underperforming the Sensex, which declined by only 0.59% over the same period. The stock’s downward trajectory extends beyond the short term, with a one-month decline of 7.59% contrasting with the Sensex’s 1.34% gain. Year-to-date, the stock has fallen by 20.89%, while the benchmark index has risen by 8.92%. Over the past year, the disparity is even more pronounced, with Globus Power down 23.03% against the Sensex’s 5.27% increase. This underperformance highlights persistent challenges for the company relative to the broader market.
Technical Indicators Signal Weakness
Technical analysis further underscores th...
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